Australian Economy

ANZ job ads stall

David Llewellyn-Smith
Monday, 2 July 2018
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Via ANZ:

  • ANZ Australian Job Advertisements fell 1.7% in June, reversing the 1.4% gain recorded last month. This was the fourth monthly decline in six months of data released for 2018, though these falls do follow the very strong rise in January.
  • On an annual basis, growth slowed from 11.5% in May to 6.9% in June. This is the weakest annual growth since the second half of 2016.
  • In trend terms, job ads were up 0.1% in June, the same as the previous month.

That trend is topping out bigly. A weak cycle is suddenly weakening:

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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.