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Australia – Job ads down 10.4% in September: ANZ Bank

09 October 2019

Job advertisements in Australia fell by 10.4% in September 2019 on a seasonally adjusted basis when compared to September 2018, according to data from ANZ Bank. When compared to the previous month, job ads recorded a gain of 0.3%.

Overall, the total number of jobs in September stood at 157,638.

ANZ Senior Economist, Catherine Birch, commented on the month-to-month figures, “Job ads steadied in September but this does not necessarily indicate a turning point in the labour market. During August, the unemployment rate ticked up to 5.3% and job vacancies declined by 1.9% quarter-on-quarter.”

ANZ added that its job ads series is now converging with the Australian Bureau of Statistics' declining job vacancies.

“The public sector appears to be responsible for the surprising strength in employment growth; ANZ Job Ads may be more reflective of the weakness in the private sector,” ANZ Bank stated. “We may see job ads deteriorate again in future months if the public sector strength is not sustained and if there is no significant change in momentum in private sector employment.”

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