Job advertisements in Australia increased by 1.4 percent month-over-month to their highest since 2008 of 243,523 in June of 2022, quickening from a 0.4 percent gain in May. The latest print highlighted that demand for labor showed no sign of stalling and suggested that unemployment was likely to drop to fresh lows in coming months. "The sheer volume of unmet labor demand suggests that underutilisation will keep falling and stay low even as demand growth is curtailed by higher inflation and rising interest rates," said
ANZ senior economist Catherine Birch. "The very tight labor market is a key reason why we expect the economy will be resilient in the face of there," she added. On an annual basis, job ads rose 18.4% and 59% higher than January 2020 before the pandemic first struck. source: Australia and New Zealand Banking Group
Job Advertisements in Australia averaged 145962.40 from 1999 until 2022, reaching an all time high of 255892.88 in April of 2008 and a record low of 54636.46 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 July of 2022.
Job Advertisements in Australia is expected to be 190000.00 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 175000.00 in 2023, according to our econometric models.