Australia Job Ads Rise In March: ANZ

Australia Job Ads Rise In March: ANZ

4 April 2016, 06:43
Roberto Jacobs
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Australia Job Ads Rise In March: ANZ

Job advertisements in Australia increased in March after falling in the previous month, latest survey from the Australian and New Zealand Banking Group revealed Monday.

Total job ads climbed a seasonally adjusted 0.2 percent month-over-month in March, reversing a 1.2 percent drop in the previous month. In January, ads grew 0.9 percent.

Internet jobs went up 0.4 percent monthly in March, in contrast to a 1.3 percent fall in February. At the same time, newspaper ads plunged 11.4 percent, following a 7.1 percent sharp rise in the preceding month.

On an annual basis, job ads surged 10.0 percent in March, faster than the 8.2 percent spike a month earlier.

"In our view, ANZ job ads are providing a 'cleaner' picture of labour market conditions. Hiring is taking a breather but we expect jobs growth to maintain enough momentum over the coming six months to keep the unemployment rate within earshot of 53/4%," ANZ Chief Economist Justin Fabo, said.

The material has been provided by InstaForex Company - www.instaforex.com

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