Australia Aug ANZ-Indeed jobs ads jump most in over an year

SYDNEY (Reuters) – Australian job advertisements for August jumped the most in over a year, suggesting some resilience in labour demand despite decade-high interest rates and still elevated inflation, data showed on Monday.

Data from Australia and New Zealand Banking Group and employment website Indeed showed job ads rose 1.9% in August from July, the biggest increase since June 2022. That compared with an upwardly adjusted 0.7% in July.

Ads were, however, down 7.7% year-on-year earlier, but remained 52.2% above pre-pandemic levels.

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