Second job ads rise in a row, January and February both higher m/m.

The y/y is not so hot, for Feb its -10.2% y/y

ANZ remarks on the job ads series:

  • a surprise to the positive side
  • However, the past two months of gains weren't enough to regain levels seen prior to the sharp loss in December and any underlying momentum may stall in the near-term
  • Demand for labour may pull back as the effects of COVID-19 on tourism, trade, supply chains and the wider economy become more apparent