ANZ-Included Job Ads See Fourth Consecutive Monthly Gain

Australia's ANZ, Indeed Job Ads saw a 2.0% increase in July, marking the fourth consecutive monthly rise this year.

The latest numbers reverse the previous month's decline and suggest labor demand remains strong despite economic headwinds and high interest rates.

Economists expect hiring activity to continue at a steady pace, but with the pace of job creation moderating from previous years as the Reserve Bank of Australia works to ease inflationary pressures.