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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 job ads fell 3.7% m/m in October, the fifth consecutive monthly fall but the index remains elevated standing 44.7% higher than October 2019. The annual decline of 0.9% is not a true picture of vacancy developments due to the 12.2% m/m increase in the index in October 2021. The data were impacted by some special factors but it appears that labour demand is slowing as the labour market is at capacity and the economic outlook darkens.
- Applicants per job ad in September rose by 7.3% m/m, the fourth consecutive monthly rise. It now stands 3% above the same time last year but is also impacted by base effects.
- The deterioration was driven by Australia’s two largest states and the widespread flooding in both impacted the number of advertised vacancies across sectors.
- There was a 12.5% m/m drop in the retail and tourism & hospitality sectors, which likely reflects the additional hiring done in the middle of the year as they recovered from pandemic-related lockdowns.
SEEK new 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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