Job advertisements in Australia decreased by 7.7% year-on-year in August 2023 on a seasonally adjusted basis, according to ANZ-Indeed Job Ads data published on ANZ Bank.

The 7.7% decrease is an improvement from the 8.9% annual fall reported in July.

ANZ-Indeed Australian seasonally adjusted job ads rose by 1.9% month-on-month in August following an upward revision in July to 0.7% month-on-month from 0.4% month-on-month.

In trend terms, the series is up 0.8% over the month in August. ANZ-Indeed Australian job ads have fallen 7.8% from the September 2022 peak but remain elevated compared to pre-Covid levels.

ANZ Economist, Madeline Dunk said, “ANZ-Indeed Australian Job Ads are showing surprising resilience, rising 2.6% over the last two months. The recent upswing has lifted the number of job ads above April levels. We expect the buoyancy in ANZ-Indeed Australian job ads to fade as the economy cools.”

Indeed Senior Economist, Callam Pickering said, “The pick-up in job ads over the past two months has been driven by New South Wales and Queensland, with smaller contributions coming from the other mainland states. Recent growth has been concentrated in education and healthcare, specifically doctors and nurses, with job ads for retail also rising at a seasonally strong pace. These gains have offset a significant decline in tech opportunities, which have steadily fallen throughout 2023.”

ANZ Bank’s job ads data is based on information provided by the operators of the following sites: Indeed (au.indeed.com); 2018-ongoing; Workforce Australia, Department of Employment and Workplace Relations (workforceaustralia.gov.au) and previous iterations; 1999-ongoing; Seek (seek.com.au); 1999-2022; and newspaper job ads; 1975-2018.