ANZ-Indeed Australian job ads fell by 11.5% in November 2024 when compared to November 2023. 

On a month-on-month basis, ANZ-Indeed Australian job ads fell 1.3% in November, following an upwardly revised 0.7% monthly rise in October.  

ANZ Economist Madeline Dunk noted that, despite the decline, the series was up 1.7% since its August low.“It is possible some of the lift in September and October job ads reflected a pull-forward in end-of-year-related hiring,” said Dunk in a press release. “The coming months will determine whether the series resumes its previous downward trend.” 

The largest declines were in Tasmania, Western Australia and Victoria, noted Indeed senior economist Callam Pickering. “At the state level, the November decline in job ads was largely broad-based, with the exception of Queensland,” he said. “By comparison, job ads in Queensland rose for the third consecutive month, reaching its highest level since February 2023.” 

Pickering added. “Christmas-related hiring continues to influence national trends, with a sharp fall in retail opportunities in November only partially offset by growing opportunities in food services ahead of the holidays. Overall, Christmas-related hiring has provided more uplift to job ads this year than last year.” 

“Job ads also rose considerably in education and personal care during November, which was more than offset by relatively small but broad-based declines elsewhere,” Pickering said.