ANZ-Indeed Australian Job Ads rose by 0.4% m/m in July 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/min July. ANZ-Indeed Australian Job Ads have fallen 10.4% from the September peak but remain high compared to historical levels. {chart} ANZ Economist Madeline Dunk said: “ANZ-Indeed Australian Job Ads rose a touch in July. But the series has fallen 2.1% over the past three months, suggesting the July lift is likely to be a blip. “There are other signs labour market momentum is starting to slow as the RBA’s 400bp of hikes flow through to economic activity. ... (full story)