Job advertisements in Australia fell by 10.0% year-on-year in June 2023 on a seasonally adjusted basis, according to ANZ-Indeed Job Ads data published on ANZ Bank.

The 10.0% decline is a further fall from the 6.1% annual decline seen in May 2023.

On a month-on-month basis, the number of job ads fell by 2.5% on a seasonally adjusted basis. In trend terms, the number of job ads declined 1.1% over the month in June. ANZ-Indeed Australian Job Ads have also fallen 10.8% from the September peak but remain elevated compared to historical levels.

ANZ Economist Madeline Dunk said, “ANZ-Indeed Australian Job Ads continued its movement downwards, with a 2.5% month-on-month fall in June. Despite the dip, job ads are still 47.5% higher than pre-pandemic levels, and the labour market remains very tight.”

Dunk continued, “Employees are also responding to the tight labour market conditions by working longer hours, with many taking on a second job or an extra shift. It will take time for the labour market tightness to ease. But the direction of change is clear, and we expect an ongoing and orderly moderation in job ads.”

Indeed Senior Economist, Callam Pickering said, “Recruitment overall remains challenging with talent shortages widespread, even among those sectors where job ads have fallen considerably. High population growth, combined with a further decline in job ads, will ease these shortages over the remainder of the year.”

Pickering said, “The decline in job ads this year has been concentrated in Victoria and New South Wales, with more modest declines in the other states and territories. Job ads have also fallen across three-quarters of the sectors Indeed analysed, led by food preparation, software development and personal care.”

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.