ANZ-Indeed Australian Job Ads dropped 0.2% month-on-month in October 2025, following a 2.2% decline in the previous month. This marked the fifth consecutive monthly decrease, reflecting softer hiring demand amid high interest rates, cautious business sentiment, and a cooling labor market. Year-end factors also weighed on the figure, as companies typically slow new hiring in Q4 while managing budgets and adjusting staffing ahead of annual closures.