TREE NEWS reports: Australia’s ANZ job advertisements rose 2.2% month-on-month in September, slowing from a 2.5% gain in the prior reading. The monthly indicator tracks the pace of new hiring demand across the Australian labour market. The September print marks a second consecutive month of expansion, though at a softer rate than August.
Australia Sept ANZ Job Ads Rise 2.2% MoM, Down From 2.5% Prior
AI take
The deceleration in job ads growth, while still positive, suggests hiring demand is moderating rather than collapsing. This matters for the Reserve Bank of Australia's policy calculus: a cooling labour market could ease wage pressures, but two consecutive months of expansion argue against a sharp downturn. The open question is whether this softening trend extends into Q4, which would shape the RBA's next move.
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