Australian Job Market Still Remains Strong Despite Job Ads Stabilising

Employees maintain COVID-19 safety with frequent cleaning at Chadstone the Fashion Capital in Melbourne, Australia, on Dec. 26, 2020. Naomi Rahim/Getty Images

Australian job advertising has slowed down after reaching record highs earlier in 2022. However, the current trend shows that demand for workers still remains robust.

ANZ Australian Job Ads climbed slightly by 0.4 percent in May to 238,178 following a two percent drop in April. Nevertheless, the figure was up 17.3 percent from the previous year and 55.2 percent higher than the pre-COVID-19 levels.