2 June 2025 | Other

Australia’s job ads dropped in May for second consecutive month

Australia’s job ads dropped in May for second consecutive month

According to data from ANZ Banking Group and job search website Indeed, job vacancies advertised in Australia decreased for the second month in May. This could suggest a gradual cooling of the country's labor market. Nevertheless, the number of job ads still significantly exceeds that seen before the COVID-19 pandemic.

In May, job offers in Australia fell by 1.2%, following a 0.3% decline in April. Compared to last year, the figure decreased by 5.7%, yet remained 13.6% higher than pre-pandemic levels.

ANZ analyst Aaron Luk says the country's labor market remains tight, with steady growth in employment and low unemployment. Last month, the Reserve Bank of Australia (RBA) cut interest rates to a two-year low as the slowdown in inflation gave the opportunity to counter growing risks in global trade. The central bank also signaled its readiness to ease policy further in the coming months, noting the stability of the labor market.

The RBA predicts the unemployment rate to go up a bit from the current 4.1% to 4.3% by the end of 2025.

Anton Volkov MarketCheese
Brent sell
Period: 30.09.2026 Expectation: 250 pips
Brent crude sell-off targets $88.50
Yesterday at 10:01 AM 23
Period: 30.09.2026 Expectation: 550 pips
Go short on SPX down to $7,600
Yesterday at 10:01 AM 21
Period: 21.09.2026 Expectation: 2100 pips
Go short on USDCAD as dollar index hits three-month lows
21 August 2026 43
Period: 28.08.2026 Expectation: 1002 pips
GBPUSD is likely to climb further next week
21 August 2026 50
Period: 21.09.2026 Expectation: 950 pips
Buying AUDCAD up to 0.99250
21 August 2026 40
Period: 28.08.2026 Expectation: 540 pips
Brent crude is coming close to July highs
21 August 2026 39
Go to forecasts