SYDNEY : Australian job advertisements posted a small rise in July after an outsized decline in the previous month, data showed on Monday, but analysts say the lift could be a blip as rate hikes work to cool red-hot labour demand. Data from Australia and New Zealand Banking Group and employment website In
SYDNEY : Australian job advertisements posted a small rise in July after an outsized decline in the previous month, data showed on Monday, but analysts say the lift could be a blip as rate hikes work to cool red-hot labour demand.
Ads were down 8.9 per cent year-on-year earlier, but remained 49.8 per cent above pre-pandemic levels. "The series has fallen 2.1 per cent over the past three months, suggesting the July lift is likely to be a blip," said economists at ANZ.
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