ANZ Job Advertisements data
For March, up 1.6% m/m
- February was +0.4%
For the y/y, up 17.7% (ANZ cite the 3 month average for y/y figures)
- prior (February release) +18.5% y/y
ANZ summary:
- The ongoing high level of job ads indicates a strong labour market, though the pace of growth has flattened off recently
- The regions continue to lead the charge. Every single one of the 11 less urbanised regions is experiencing stronger annual job ad growth than any of the three main centres
- The construction, utilities, manufacturing and transport sector remains the largest sectoral driver of total job ads growth. The service sector is also contributing strongly
- The current strength of labour demand flags unemployment heading under 5% later this year, with accompanying modestly stronger wage growth
