Job advertisements in Australia declined by 0.5 percent month-over-month but remained at a strong level of 240,000 in September 2022, implying tightness in the labor market is not yet letting up and a further fall in unemployment is likely. "The fact that ANZ Job Ads and other leading indicators of Australia’s labor market are still so strong suggests the RBA may have to take the cash rate further into restrictive territory than we currently expect to slow demand growth," said ANZ senior economist Catherine Birch. "As such, our expectation of solid employment growth pushing unemployment below 3% by early next year is unchanged." On an annual basis, job ads jumped 22.3 percent, and were 56.5 percent above their pre-pandemic level. source: Australia and New Zealand Banking Group

Job Advertisements in Australia averaged 146979.90 from 1999 until 2022, reaching an all time high of 255866.12 in April of 2008 and a record low of 58629.37 in May of 2020. This page provides the latest reported value for - Australia Job Advertisements - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Job Advertisements - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Job Advertisements in Australia is expected to be 221000.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Job Advertisements is projected to trend around 184000.00 in 2024 and 185200.00 in 2025, according to our econometric models.

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Australia Job Advertisements



Calendar GMT Actual Previous Consensus TEForecast
2022-09-05 01:30 AM Aug 2% -1.0% 0.4%
2022-10-04 12:30 AM Sep -0.5% 1.5% -1.2%


Related Last Previous Unit Reference
Job Advertisements 239999.54 241286.95 Sep 2022

Australia Job Advertisements
In Australia, job advertisements measure the number of jobs advertised in the major daily newspapers and internet sites covering the capital cities.
Actual Previous Highest Lowest Dates Unit Frequency
239999.54 241286.95 255866.12 58629.37 1999 - 2022 Monthly
SA

News Stream
Australia Job Ads Fall 0.5% MoM
Job advertisements in Australia declined by 0.5 percent month-over-month but remained at a strong level of 240,000 in September 2022, implying tightness in the labor market is not yet letting up and a further fall in unemployment is likely. "The fact that ANZ Job Ads and other leading indicators of Australia’s labor market are still so strong suggests the RBA may have to take the cash rate further into restrictive territory than we currently expect to slow demand growth," said ANZ senior economist Catherine Birch. "As such, our expectation of solid employment growth pushing unemployment below 3% by early next year is unchanged." On an annual basis, job ads jumped 22.3 percent, and were 56.5 percent above their pre-pandemic level.
2022-10-04
Australia Job Ads Bounce Back in August
Job advertisements in Australia increased by 2.0 percent month-over-month to the highest in more than a decade of 242,301 in August of 2022, amid a resilient labor market and despite rising interest rates and surging prices. The latest reading was a reversal from a revised 1.1 percent fall in July, which was the first drop in three months. "Last month, we hypothesized that ANZ job ads had passed their peak, but we have been proven wrong," said ANZ senior economist Catherine Birch. " The volume of unfilled labor demand suggests the effect of higher inflation, rising rates, and global growth risks on the labor market will be lagged." On an annual basis, job ads jumped 20.2% yoy.
2022-09-05
Australia Job Ads Down for 1st Time in 3 Months
Job advertisements in Australia dropped by 1.1 percent month-over-month to 237,047 in July of 2022, reversing from a downwardly revised 0.4 percent gain in June and pointing to the first decline in three months. "We may have passed the peak in job ads, but the large volume of unfilled demand means the labor market will likely continue to tighten," said ANZ senior economist Catherine Birch. "In fact, we now forecast unemployment to fall below 3% by early-2023." "Newly arrived skilled migrants, temporary visa holders, students, and backpackers are adding to the supply of workers, but also to already strong demand," Birch added. On an annual basis, job ads remain at historically high levels, growing 15.6% year-on-year.
2022-08-01