ANZ job ads roll over

Monday 9 May 2016

Another secondary indicator bites the dust today as ANZ job ads are now clearly weakening, down -0.8% in April and the three month moving average turning negative at -0.6%:

The rolling annual is now falling as well and the base effect will say that accelerate in the next few months.

A luke warm labour market is cooling.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.