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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia ANZ Internet Job Ads MoM fell to -0.7% in July 2016
FMPMonthlyReleased August 2016
Australia ANZ Internet Job Ads MoM fell to -0.7% in July 2016, released August 2016, down 1.3% from June's 0.6% reading.
Latest Release
-0.700000
Actual
—
Consensus
0.600000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
ANZ Internet Job Ads MoM (Australia) was reported at -0.7% in August 2016. The reading fell from the previous value of 0.6%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.83%, up from the prior three at -0.53%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Employment Change (Jun 18) and Full Time Employment Chg (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update August 2016.
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ANZ Internet Job Ads MoM - AU
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About ANZ Internet Job Ads MoM — Australia
DEFINITION
ANZ Internet Job Ads MoM (Month-over-Month) is a leading economic indicator that measures the change in the number of online job advertisements posted by businesses in Australia and New Zealand. This indicator provides valuable insights into the current state of the job market, as well as potential trends in employment growth. It is widely used by economists, policymakers, and businesses to assess the health of the labor market and make informed decisions. ANZ Internet Job Ads MoM is considered a reliable and timely measure of job market activity, making it a key tool for monitoring economic conditions and predicting future job growth.
WHY THIS INDICATOR MATTERS
Labor-market data shapes consumer-spending forecasts and is closely tracked by central banks assessing the output gap and wage-inflation pass-through. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2016): actual -0.7 %. Prior reading (Jul 2016): -0.7 %. Before that (Jun 2016): 0.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.