Reported 3 days ago
Australian job advertisements have decreased for the second consecutive month in May, indicating a potential easing of the tight labor market, although they remain significantly above pre-pandemic levels. According to ANZ-Indeed data, job ads fell by 1.2% in May compared to April and were down 5.7% year-on-year, but still 13.6% higher than pre-pandemic figures. ANZ economist Aaron Luk noted this is the lowest level of job ads since March 2021, despite the labor market remaining tight with strong employment growth and a stable unemployment rate.
Source: YAHOO