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ANZ-Indeed Australian Job Ads: plateau

From media.anz.com

ANZ-Indeed Australian Job Ads rose 2.8% m/m in April after falling 1.0% m/m in March. In trend terms, the series was up 0.7% m/m. While ANZ-Indeed Job Ads has fallen 14.3% from its peak in November 2022, the series is still 36.5% higher than pre-pandemic levels. {chart} ANZ Economist, Madeline Dunk said: "2023’s downward trend in ANZ-Indeed Job Ads has stalled in 2024, at least for now. The series has risen 3.9% since its recent trough in November last year, and the three-month moving average has been steady over the past few months. In Q1, 78% of businesses that responded to NAB’s business survey reported ... (full story)

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  • Category: Fundamental Analysis