Job ads rise 2.6 pc in August


Total number of jobs advertised in major metropolitan newspapers and on the internet rose by 2.6 pc last month, says ANZ

September 6, 2010

The total number of jobs advertised in major metropolitan newspapers and on the internet rose by 2.6 percent in August, according to the latest ANZ Job Advertisements Series.

This result follows a strong 6.9 percent increase over the previous three months from April to June, meaning the series is now 36.1 percent higher than it was a year ago.

Newspapers

ANZ data out today shows the number of job advertisements in major metropolitan newspapers rose by 1.5 percent in August.

Newspaper job ads saw the largest increases in New South Wales (6.6 percent MoM), Queensland (4.8 percent MoM) and the Northern Territory (13 percent MoM).

Internet

Meanwhile, the number of internet job advertisements rose by a strong 2.6 percent in August - an acceleration from the 1.4 percent rise in July.

Internet job advertisements are now 37.8 percent higher than they were a year ago and are growing at their fastest annual pace since November 2007.

ANZ Chief Economist Warren Hogan says the pick up in job advertisements in recent months indicates Australian businesses are confident about the local outlook despite the uncertain global economic environment.

"This suggests the Australian economy is maintaining good momentum into the second half of 2010," Hogan says.

"We expect these positive employment intentions will translate into solid employment growth, of an average of at least 25,000 persons per month, in the short-term," he adds.

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