Australia: Falling job ads

ANZ job ads fell 4.6 percent in October after a 3.9 percent fall in September. The index is down 15 percent over the last year.

From ANZ:

“The ANZ job advertisement series measures the number of jobs advertised in the major daily newspapers and Internet sites covering the capital cities each month. It has historically proved to be a very good indicator of future labour market conditions and thus, is extensively relied upon for forecasting employment growth.”