Job vacancy ad survey from ANZ for June 2019.

Improves to +4.6% m/m

  • prior -8.2%, revised from -8.%

A solid move higher after May. the big drop in May could well have been impacted by some one-offs:

  • A long week of holidays at the end of April with Easter and ANZAC day nearly (and for many folks) run into each other
  • a weak rebound with the impending election

Since the RBA emphasised they are watching labour market developments indicators such as this have come under renewed focus.