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The ANZ-Indeed Job Ads survey for April has been released with total ads falling 0.3% over the month, which follows a downwardly revised 2.7% fall in March:
Job Ads are now 7.7% lower than the September 2022 peak.
The next chart shows that the ANZ-Indeed Job Ads survey is a good leading indicator of the unemployment rate:
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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.
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