Australia AUD

Australia ANZ Job Advertisement MoM

Impact:
Low

Latest Release:

Date:
Actual:
0%
Forecast:
Previous/Revision:
2.5%
Period: May
What Does It Measure?
The ANZ Job Advertisement series measures changes in the volume of job vacancies advertised in major newspapers and online platforms in Australia. It primarily focuses on employment trends, providing insights into labor demand, which is crucial for understanding the overall health of the Australian economy.
Frequency
The ANZ Job Advertisement report is released monthly and provides a preliminary figure that reflects early trends in job advertising during the previous month, typically published in the first week of the following month.
Why Do Traders Care?
Traders monitor this report closely because it serves as an indicator of future employment levels and economic activity, affecting forecasts for GDP and consumer spending. An increase in job advertisements is generally viewed as bullish for the Australian dollar (AUD) and equities, while a decrease may signal economic weakness, leading to bearish trends for these assets.
What Is It Derived From?
The ANZ Job Advertisement figures are derived from a survey of job advertisements across a range of platforms, including print and digital media, with each advertisement counted as a single job opportunity. The data collection methodology relies on a systematic tallying of ads that represent immediate employment demand, which provides a broad yet focused view of the job market.
Description
The ANZ Job Advertisement report is primarily based on the Month-over-Month (MoM) reporting method, comparing the number of job ads from one month to the previous month. This method is effective for capturing short-term changes and fluctuations in the job market, which can be significant indicators of economic shifts. As a leading indicator, it helps traders gauge early signals of employment trends and potential impacts on economic growth.
Additional Notes
The ANZ Job Advertisement report is often analyzed alongside other labor market indicators such as employment rates and wage growth, providing a more comprehensive picture of economic conditions. It serves as a leading measure, which means it can provide predictive insights about future employment trends and overall economic performance in comparison to lagging indicators like unemployment rates.
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
0%
2.5%
2.3%
-1.4%