March was another bad month for job ads in major newspapers and the internet as the former boom states of Queensland and Western Australia continue to bleed job ads.
On Sunday the Oliver Index told us that online job ads dropped more than 12% last month, after a 9% fall in February. This morning the ANZ said its job ads series tumbled to a new low last month.
Whether this sort of information will be enough to get the Reserve Bank to cut rates at tomorrow’s board meeting in Brisbane is uncertain. Market economists are split, with online surveys all divided between no cut and a cut of either 0.25%
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