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. source: Australia and New Zealand Banking Group
Job Advertisements in Australia averaged 146271.39 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 August 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.