Australian job advertising has slowed down after reaching record highs earlier in 2022. However, the current trend shows that demand for workers still remains robust.
ANZ Australian Job Ads climbed slightly by 0.4 percent in May to 238,178 following a two percent drop in April. Nevertheless, the figure was up 17.3 percent from the previous year and 55.2 percent higher than the pre-COVID-19 levels.
ANZ senior economist Catherine Birch said since job ads numbers in May were close to the peak observed in March, the unsatisfied demand for labour in the job market was still significant.
“Australia’s labour market is not as tight as in some other economies,” she said….