USA & ANZ Job ADS

USA
Worries continued overnight following on from poor non-farm payroll figures last week. The implications are that US growth could stall.

ANZ Job ADS
Job advertisements rose by 4.3 per cent in May after falling by 1.2 per cent in April. Job ads are now up 21.7 per cent on a year ago – marking the biggest annual increase in over two years. The strength was concentrated in the internet with newspaper ads actually falling 6.8%. Although strong overall, indicating employer confidence, the fall in newspaper ads bodes some caution building which is not surprising given recent rate rises and the global environment.