ANZ job ads hit cyclical peak

Monday 5 September 2022

ANZ’s job ads survey has been released, which shows that job ads increased 2.0% month-on-month in August, lifting to a new peak for this cycle:

ANZ job ads hit new cyclical high.

The result supports the case for the Reserve Bank of Australia (RBA) to hike the cash rate another 0.5% at tomorrow’s monetary policy meeting.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.