ANZ Job Advertisements
What is ANZ Job Advertisements?
It is a measurement to the number of job
advertisements in the major metropolitan newspapers and on the
internet sites every week.
Why ANZ Job Advertisements?
It is historically proven to be a leading
indicator for the Australian future labor market conditions and
thus, is extensively relied upon for forecasting employment growth.
Who released ANZ Job
Advertisements?
It is released by Australia and New Zealand
Banking Group (ANZ).
When is ANZ Job Advertisements
started?
ANZ Job Advertisements is started in 1975 and it
is released on monthly basis.
How ANZ Job Advertisements
works?
ANZ Job Advertisements calculates and average the
number of job advertisements in the newspapers from major
metropolitan such as New South Wales, Victoria, Queensland, Western
and South Australia, Tasmania, ACT and Northern Territory and on the
internet sites every week. However, the result is released in
percentage change compared to the previous month for month over
month (MoM) and in percentage change compared to the particular
month a year ago for year over year (YoY). Below is an example on
how the calculation is being done.
Average Total number of newspaper and internet job
advertisements per week in April 2009 = 139,829
Average Total number of newspaper and internet job advertisements
per week in March 2010 = 162,692
Average Total number of
newspaper and internet job advertisements per week in
April 2010 = 160,660
Percentage change for April 2010 (MoM) = [
(160,660 - 162,692) / 162,692 ] X 100% =
-1.2%
Percentage change for April 2010 (YoY) = [
(160,660 - 139,829) / 139,829 ] X 100% =
14.9%
The result with a high or positive reading is seen
as bullish for
the AUD, whereas a low or negative reading is seen as bearish for
AUD.
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