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 December of 2022.
Job Advertisements in Australia is expected to be 225000.00 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 202600.00 in 2023 and 184000.00 in 2024, according to our econometric models.