ANZ job ads signal rising unemployment

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The ANZ-Indeed job ads report for July has been released with the series rising by 0.4% over the month following a downward revision in June to -2.7% m/m from -2.5% m/m.

In trend terms, the series declined 0.7% m/m in July.

ANZ-Indeed Australian Job Ads are also down 10.4% from their September 2022 peak:

ANZ-Indeed job ads
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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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