Australian job notices declined for a fourth straight month in July as weaker demand for workers extended to states experiencing a resource investment boom. “Online advertisements have trended lower in all states and territories.” While the RBA is “clearly happy to asses for the next few months the impact of recent interest-rate reductions on the economy, we expect later in the year, slower than desirable employment growth will allow modest further interest rate reductions,” Ivan Colhoun of ANZ Bank said.
BBG
