BUZZ-Aussie Seek's May report shows moderation in job ad volumes, Citi says

Reuters

2025/06/19

** Citi says online employment marketplace Seek's SEK.AX May employment report shows ongoing moderation in the decline of new job ad volumes in Australia

** Adds, although NZ data is pending, Australian job ad volumes for 2H25e to date are down 8%, aligning with their forecast ANZ decline

** Brokerage sees rate cuts positively for job ad volumes; however, mixed signals lead to a forecast of 1% YoY growth volume in FY26e

** Stock up 5.9% YTD as of last close

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))

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however, mixed signals lead to a forecast of 1% YoY growth volume in FY26e** Stock up 5.9% YTD as of last close(Reporting by Kumar Tanishk in Bengaluru)((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}