Job ads freefall points to unemployment spike

Tuesday 5 December 2023

ANZ with the report.

ANZ-Indeed Australian Job Ads fell 4.6% m/m in November following a downward revision in October to -3.4% m/m from -3.0% m/m.

In trend terms, the series was down 3.4% m/m. ANZ-Indeed Australian Job Ads has fallen 16.8% from the November 2022 peak but is elevated compared to pre-pandemic levels.

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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.