Australia AUD

Australia ANZ-Indeed Job Ads MoM

Impact:
Low

Latest Release:

Date:
Surprise:
-1.6%
Actual:
-1.2%
Forecast: 0.4%
Previous/Revision:
-0.3%
Period: May

Next Release:

Date:
Forecast: 0.2%
Period: Jun
What Does It Measure?
The ANZ-Indeed Job Ads MoM measures the change in the number of job advertisements in Australia posted on the ANZ job platform, reflecting labor demand and employment trends in the economy. It focuses primarily on recruitment and employment activity, providing insights into the health of the job market and the overall economic climate.
Frequency
This report is released monthly, typically a few days after the end of each month, providing preliminary estimates that may be subject to revision in subsequent reports.
Why Do Traders Care?
Traders closely monitor the ANZ-Indeed Job Ads MoM as it serves as an early indicator of employment trends which can impact financial markets. A rise in job advertisements tends to correlate with positive sentiments for the Australian Dollar (AUD) and equities, while a decline could signal economic weakness, affecting markets negatively.
What Is It Derived From?
The indicator is derived from a proprietary database that compiles job advertisements from various employment websites, using a robust statistical methodology to adjust for seasonal variations. It encompasses a diverse range of industries and geographical regions, ensuring a comprehensive outlook on the job market.
Description
Preliminary versus final reports distinguish between early estimates subject to future revisions and final figures reflecting more accurate data after subsequent revisions. The measurement generally employs a Month-over-Month (MoM) reporting approach, comparing the current month's job advertisements to those of the previous month, highlighting short-term shifts in the job market.
Additional Notes
The ANZ-Indeed Job Ads MoM serves as a coincident economic measure, offering timely insights that relate closely to broader trends in employment and consumer confidence. Compared to other labor market indicators, it is often viewed in conjunction with unemployment rates and wage growth to garner a more comprehensive understanding of economic conditions.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
-1.2%
0.4%
-0.3%
-1.6%
0.5%
0.3%
0.4%
0.2%
0.4%
0.9%
-1.3%
-0.5%
-1.4%
0.2%
1.3%
-1.6%
0.2%
0.2%
0.3%
0.3%
0.3%
-1.8%
-1.3%
0.2%
0.7%
-1.5%
0.3%
2%
2.3%
-1.7%
1.6%
0.4%
-1.8%
1.2%
-2.1%
-1.5%
-2.7%
-0.6%
-3%
-0.9%
-2.7%
-2.1%
-2.2%
-1.2%
-1.9%
-1%
-2.1%
-1.2%
-2.3%
-0.9%
2.8%
1.1%
-1%
1.7%
-1%
-0.8%
-2.1%
-0.2%
-2.8%
-0.6%
3.4%
-2.2%
1.7%
0.6%
0.6%
1.1%
0.1%
1.5%
-5.1%
-1.4%
-4.6%
-0.3%
-3.4%
-4.3%
-3%
-0.7%
-0.5%
-2.3%
-0.1%
0.5%
1.7%
-0.6%
1.9%
0.6%
0.7%
1.3%
0.4%
0.1%
-2.7%
0.3%
-2.5%
1.5%
0%
-4%
0.1%
0.7%
-0.7%
-0.6%
-0.3%
1.9%
-2.7%
-2.2%