MNI: PBOC Net Injects CNY215.7 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1991 Weds; +0.73% Y/Y

MNI BRIEF: Aussie Q3 Wages Print At 0.8% Q/Q, 3.5% Y/Y

CHINA PBOC CONDUCTS CNY233 BLN VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1991 WEDS VS 7.1927

MNI: US Consumers See Lower Inflation, Better Jobs - NY Fed

Australia Q3 Wage Price Index +0.8% Q/Q

MNI: JAPAN OCT CORP GOODS PRICE INDEX +3.4% Y/Y; SEPT REV +3.1%

EZ/UK Bond Supply Calendar: IT, UK, DE, PO Auction Wednesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUSTRALIA: Is The Vacancy Market Stabilising?

AUSTRALIA
APACAustraliaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

The deterioration in the vacancy market may be stabilising with 3-month momentum in SEEK job ads back to around neutral in September/October. The applicant-per-job ratio may have peaked in August but its growth has been moderating since mid-2023. October ABS jobs data print on Thursday and will be monitored for signs of steadiness after the RBA noted in November that “some indicators have recently stabilised”.

  • SEEK jobs ads fell 3.1% m/m in October following three consecutive monthly rises, to be down 10.7% y/y after 11.2% y/y. November will show if this weakness is a new trend. The index level is still 5.9% above December 2019.
  • SA and WA saw an increase in job ads as did advertising & media, engineering, design and financial services. Retail & consumer products fell 8.8% m/m though consistent with weak household spending.
  • Job ads-per-applicant in September fell 0.9% m/m, the first monthly drop since July 2022, to be up 43.3% y/y after 48.8% y/y. But labour supply remains plentiful.

Australia SEEK jobs ads %

Keep reading...Show less
179 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The deterioration in the vacancy market may be stabilising with 3-month momentum in SEEK job ads back to around neutral in September/October. The applicant-per-job ratio may have peaked in August but its growth has been moderating since mid-2023. October ABS jobs data print on Thursday and will be monitored for signs of steadiness after the RBA noted in November that “some indicators have recently stabilised”.

  • SEEK jobs ads fell 3.1% m/m in October following three consecutive monthly rises, to be down 10.7% y/y after 11.2% y/y. November will show if this weakness is a new trend. The index level is still 5.9% above December 2019.
  • SA and WA saw an increase in job ads as did advertising & media, engineering, design and financial services. Retail & consumer products fell 8.8% m/m though consistent with weak household spending.
  • Job ads-per-applicant in September fell 0.9% m/m, the first monthly drop since July 2022, to be up 43.3% y/y after 48.8% y/y. But labour supply remains plentiful.

Australia SEEK jobs ads %

Keep reading...Show less