A good result for job ads, up 2% m/m (prior 1.5%) and 13.6% y/y (prior 12.8%)
- 6th consecutive rise
ANZ assessing the rise again
- "a period of strength, consistent with robust business conditions"
- "Together with other forward indicators and survey-based measures, this strength suggests some downside risk to the unemployment rate in the near term, with employment expected to rise in the order of 15-20k per month over the period ahead."
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We got other data out at the same time, from the Australian Bureau of Statistics: Australia data - Q2 Inventories: -0.4% q/q (expected 0.3%)
