According to ANZ, Indeed data shows Australian job advertisements rose 3.2% m/m in February. The private sector showed on Monday that Australian job advertisements rose in February to the highest level in 16 months, adding to signs that the labour market remained healthy at the start of the New Year. Â
The Reserve Bank of Australia raised interest rates by a quarter point to 3.85% last month, after inflation accelerated last year following three rate cuts. The job rate was surprisingly low at 4.1%, which is why markets are wagering on another hike in May, priced at 77%.
Australia and New Zealand, and Indeed data show that the number of job advertisements rose 3.2% in February, compared to January, when they gained 5.2% (upwardly revised).Â
It marked the first back-to-back monthly gain since October 2024 and, since then, took the series to its highest level. For the year, job advertisements in February were 2.3% higher than they were in 2025 and remained 16.6% higher than pre-pandemic levels.Â
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Callam Pickering, a senior economist at Indeed, said that “The New Year has coincided with renewed hiring vigour across the country.” Noted that the job vacancy for nurses rose to its highest level in almost two years, and management opportunities also rose.   Â
