Australia ANZ job advertisements data for November, +0.7%

  • prior was +0.2% m/m
  • To its highest in 23 months
  • 6th consecutive monthly rise

ANZ chief economist Warren Hogan:

  • “This is an encouraging sign and is consistent with a number of similarly forward-looking indicators that point to some near-term improvement in employment growth and stabilisation in the unemployment rate”
  • “Our broad assessment is that labour market conditions have improved but growth headwinds over the next few years will likely limit the prospects for any material improvement”

Note – we get the official employment data from Australia out on Thursday