Australia job ads survey from ANZ: -1.7% m/m (prior 0.0%)

The previous month revised down to -0.7%

For the y/y result, down 3.7%

ANZ remarks on the data:

  • decline in job ads consistent with a range of other data suggesting the economy lost momentum in the second half of 2018
  • this loss of momentum is translating into weaker job ads
  • This should show up in actual hiring in due course, though employment does lag other parts of the economy
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