ANZ job ads are out and fell -0.3% on the month and are now up just 3.7% over the year:
Rolling annual numbers have faded to 8.5% growth, moreover, are now falling fast given 2016 has yielded growth of just 1.9%. Job ads are clearly weakening in what was already only a luke warm labour market.
There will be no improvement in unemployment at this level of increase.
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