Australian job ads fall in July, the sixth straight m/m drop

ANZ-Indeed survey shows Australian job advertisements
fell 3.0% in July m/m

• prior -2.7% (revised from -2.2%)
• down 20.8% y/y
• sixth straight month of month-on-month
  declines
• remain 13.3% higher than pre-pandemic levels

ANZ comment:

• “We’ve also seen the share of employers recruiting fall
  sharply in June to levels last seen during the east coast 2021
  lockdowns, while average hours worked per employed person has
  declined 30 minutes a week since February 2023”

This article was written by Eamonn Sheridan at www.forexlive.com.