ANZ job ads confirm labour market stall

Tuesday 8 January 2019

Via ANZ:

For December, job ads’ growth was flat, on a seasonally adjusted basis. On an annual basis, growth accelerated to 4.1% (vs 2.1% in November).

In trend terms, job ads fell by 0.1% m/m for the seventh consecutive month. Job ads grew 1.5% y/y to December in trend terms (down from 2.6% y/y in November).

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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.