ANZ job ads lifted 0.4% m/m - ANZ

Ross J Burland FXStreet

Analysts at ANZ noted that the ANZ job ads lifted 0.4% m/m in September (seasonally adjusted).

Key Quotes:

Job ads growth has slowed to just 0.6% q/q, with a flattening off clearly
evident. Annual job ads growth has eased from a peak of 20% in January to 9% in September (3-month average).
Job ads in Auckland have fallen for five months straight (seasonally adjusted) and this region is almost at the bottom of the national table in annual growth terms.
We suspect labour demand is flattening off somewhat in line with the broader economy as key growth drivers such as construction, migration and tourism top out - however, the labour market remains very tight.
We continue to expect a modest pick-up in wage growth.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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