Job ads fall for third consecutive month as applicant competition rises
Job advertisements declined 0.8% in July while the number of applicants per listing increased 1.6%, signalling a tightening employment market.
Job ads have fallen for the third month in a row, with listings down 0.8% from June. The number of applicants competing for each position rose 1.6%, intensifying competition for available roles. An uncertain economic environment is being cited as a likely driver of the declining job market and rising unemployment.
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Coverage across the news outlets we track, as at publication.
What outlets are saying
1News
'Greater headwinds': Job ads fall for third month in a row β Seek
Ads were down 0.8% from June while the number of applicants per listing rose 1.6%.
Newstalk ZB
Kelly Eckhold: Westpac Chief Economist on job ads falling for the third month in a row
The uncertain economic environment could be the reason for climbing unemployment and declining job ads.