Australia’s ANZ–Indeed Job Ads eased 0.2% month-over-month in June 2026, reversing an upwardly revised 2.0% gain in May and marking the third monthly fall this year. The data indicated a gradual cooling in labour demand as higher borrowing costs weighed on hiring. ANZ Economist Aaron Luk highlighted that ads have fallen about 28% since late-2022 peaks but remain above pre-pandemic levels. He expects demand to soften further as elevated interest rates, a cooling housing market, and geopolitical uncertainty slow activity, leading to fewer ads and a gradual rise in unemployment. Sectoral weakness was most pronounced in retail, food preparation, and management, partly offset by stronger demand for nurses and real estate professionals. Indeed’s Callam Pickering noted logistics vacancies stabilised, though driver demand continued to weaken. Compared with a year earlier, job ads edged up 0.5% and remained 15% above their decade average, underscoring resilience despite cyclical headwinds.

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