On a seasonally adjusted basis, ANZ Australian Job Advertisements fell 0.3% in November reversing the prior month’s gain. On an annual basis, growth slowed to 2.3% in November (vs 3.7% in October). This is the slowest annual growth in ANZ Australian job ads since May 2015.
In trend terms, job ads fell by 0.2% m/m for the sixth consecutive month. Job ads grew 2.9% y/y to November in trend terms (down from 3.9% y/y in October), also the weakest result since May 2015.
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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.
