Australia job ads fall 1.4% m/m in February: ANZ-Indeed data

AUSTRALIAN job advertisements fell in February, although the drop merely offset the gain in the previous month, data showed on Monday, suggesting the labour market remained resilient at the start of 2025.

Data from Australia and New Zealand Banking Group and employment website Indeed showed job ads dropped 1.4 per cent in February from January, when they rose by an upwardly revised 1.3 per cent.

Job ads for February were down 9.2 per cent from a year earlier, although they remained 14.7 per cent higher than pre-pandemic levels.

Last month, the Reserve Bank of Australia cut interest rates for the first time in more than four years but policymakers were cautious about the prospects of further easing largely due to a surprisingly tight labour market.

The economy created some solid 44,000 new jobs in January, while the jobless rate remained low at 4.1 per cent. Participation rate hit a record high of 67.3 per cent, data from the Australian Bureau of Statistics showed. REUTERS