Job advertisements in Australia declined by 16.8% year-on-year in November 2023 on a seasonally adjusted basis, according to ANZ-Indeed job ads data published on ANZ Bank.

On a seasonally adjusted monthly basis, job ads fell by 4.6% in November. In trend terms, job ads were down 3.4% over the month.

ANZ Economist Madeline Dunk said, “ANZ-Indeed Australian Job Ads has fallen a cumulative 8.4% over the last three months, but the series remains very high compared to historical levels.”

“The decline in job opportunities highlights that the labour market is cooling, and points to a further lift in the unemployment rate,” Dunk said.

“We expect the number of job ads to moderate as the impacts of this tightening cycle continue to show up in the labour market,” Dunk added.

Indeed Senior Economist Callam Pickering said, “The monthly decline in ANZ-Indeed Job Ads was the largest since June 2018, excluding the pandemic. The decline over the past three months has been concentrated in New South Wales and Victoria, with a smaller subtraction from Queensland and South Australia. Western Australia and Tasmania defied the national trend. Job ads fell the most in the therapy, sales and software development categories, offsetting gains in food preparation, education and mechanical engineering opportunities.”

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.