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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.
AUSTRALIA DATA
SEEK/NAB job ads fell 0.6% m/m in March after a 1.3% drop the previous month. But ads in Q1 were still 1.9% above December and remain over 25% above the 2019 peak. The message is that while vacancies are off their mid-2022 peak, they have stabilised at the start of 2023 at an elevated level. On the labour supply side, the number of applicants per job rose by 4% m/m in February. Labour demand remains strong and an increase in labour supply should help as long as there isn’t a skills mismatch.
- Despite the overall fall, 12 of 28 industries recorded an increase in job ads in March. There was further normalisation in hospitality and tourism as they continued to underperform other areas. 6 of 28 sectors have advertising below pre-Covid levels.
- Applicants per ad, while well off the 2022 lows, are still 35% below December 2019.
NAB/SEEK job ads index 2013=100
Source: MNI - Market News/SEEK/
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.
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