© Reuters. FILE PHOTO: A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney, Australia, October 25, 2017. Picture taken October 25, 2017. REUTERS/Steven Saphore/File Photo
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.