Job ads increase for second month: ANZ

(Australian Associated Press)

 

The number of new newspaper and internet job ads increased for a second month in a row in July, according to a tally by ANZ.

Australian job ads edged up 0.8 per cent for the month after jumping 4.9 per cent in June, the bank said on Tuesday.

ANZ economist David Plank said it was an encouraging sign in a metric “that we think is an important barometer of the health of the Australian labour market”.

But he said it was too soon to tell if it indicated the jobless rate was on the way down.

“Even if job ads are starting to move higher, there is still some way to go before they would be suggesting a turn in the recent slowing of jobs growth and rise in unemployment.”

The total number of ads during the month – 161,427 – was a drop of 9.1 per cent compared with July 2018.

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