ANZ-Indeed Australian Job Ads rose 0.1 per cent m/m in August following an upwardly revised 0.6 per cent m/m fall in July. In trend terms, the series declined 0.1 per cent m/m following an upwardly revised 0.1 per cent m/m lift in July.
"ANZ-Indeed Australian Job Ads were stable in August, growing just 0.1% m/m, although annual growth picked up to 1.9 per cent y/y. The latest Labour Force Survey saw the unemployment rate ease to 4.2 per cent and employment lift 24.5k on the back of a 60.5k increase in full-time employment," said ANZ Economist Madeline Dunk.
"In the latest RBA Minutes, the Monetary Policy Board noted that 'various indicators suggested the labour market remained a little tight'. The ongoing resilience in Job Ads supports our view that the unemployment rate is likely to track broadly sideways. We expect just one more 25bp rate cut from the RBA in November."
"In August, large gains in Victoria and Queensland were offset by softer results in New South Wales and Western Australia. Job Ads in both Victoria and Queensland jumped to their highest level since February," Indeed Senior Economist Callam Pickering said.
"Job Ads in education, a large drag on growth throughout 2025, rebounded sharply in August," he said.
"Both retail and food preparation & service opportunities also grew strongly, reflecting early Christmas hiring. Retail hiring will ramp up even further as we approach 'Black Friday' sales."
"Job creation for physicians & surgeons declined considerably in August, but Job Ads across the healthcare sector generally remain healthy."
