ANZ’s jobs ads survey is out, and the numbers aren’t good.
According to the survey — a key market indicator — the number of job ads on the internet and in newspapers fell 1.8% in June.
The total number dropped from 132,036 in May to 129,720 in June.
Newspaper job ads in Western Australia fell 6.2% to 784, after a 7.7% drop in May.
“WA is now recording the sharpest trend decline in newspaper job advertisements of any state, with job advertising nearly 50 per cent lower than a year ago,” said ANZ chief economist Ivan Colhoun, according to AAP.
Australia’s share market was down 0.76% this afternoon after the survey came out, after opening poorly.
Now read: Here’s Some Good News If You Have Commonwealth Bank Shares
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