2026.07.0601:46:02UTC+00Australia Job Ads Inch Lower

Australia’s ANZ–Indeed Job Ads slipped 0.2% month-on-month in June 2026, reversing an upwardly revised 2.0% increase in May and marking the third monthly decline this year. The figures point to a gradual cooling in labour demand as higher borrowing costs continue to weigh on hiring.

ANZ economist Aaron Luk noted that job ads have fallen about 28% from their late‑2022 peak but still sit above pre-pandemic levels. He expects demand to weaken further as elevated interest rates, a softening housing market, and geopolitical uncertainty slow economic activity, resulting in fewer job postings and a gradual rise in unemployment.

Sectoral softness was most pronounced in retail, food preparation, and management roles, partly offset by stronger demand for nurses and real estate professionals. Indeed’s Callam Pickering observed that logistics vacancies have stabilised, although demand for drivers has continued to ease.

On an annual basis, job ads were up 0.5% and remained 15% above their decade average, highlighting underlying resilience in the labour market despite mounting cyclical headwinds.