ANZ job ads continue to slow

Monday 5 September 2016

A better month for ANZ job ads in August with 1.8% growth month on month:

However, the bigger picture remains distinct slowing in an already luke warm labour market. The 3mmm moving average is at 0.5% and the rolling annual is down again to 9.4%. Moreover the latter is set to slow sharply as it catches up on a weak six months. Year over year August growth was only 2.1%.

The labour market is not strong.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.