Job ads rise for fourth consecutive month

The total number of job advertisements rose 1.3 per cent in November, and were up 12.2 per cent in the 12 months to November, ANZ says.

The services sector has driven the fourth consecutive month rise in employment advertisements.

The number of job advertisements on the internet and in newspapers rose 1.3 per cent in November, and were up 12.2 per cent in the 12 months to November, seasonally adjusted, figures from ANZ show.

ANZ's co-head of Australian economics Felicity Emmett expects the unemployment rate to stay around six per cent until late next year, which she says would be unsatisfactory.

"We see jobs growth slowing in 2016 as the boost from strong property market activity and the lower currency begins to wane," she said.

"There is also evidence that fiscal restraint by governments has eased overall and public sector hiring has picked up.

Ms Emmett said most of the jobs growth recently has been in the labour intensive services sector.

"This was borne out in last week's national accounts which showed ongoing subdued activity in a range of goods industries but strong growth across a range of services industries," she said.

"This has been reflected in hiring and jobs growth."

Local tourism, hospitality, consumer, business and financial services are benefiting from the lower Australian dollar, which has fallen 10 US cents since the beginning of the year.


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Source: AAP



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