SKIP TO MAIN CONTENT

Job ads slip further in March: ANZ survey

ANZ figures suggest job advertisements in newspapers and on the internet slipped for a fifth straight month in March.

2 min read

Published

Source: AAP


Skip to article content

Job advertisements in newspapers and on the internet slipped for a fifth straight month in March, according to an ANZ tally, although some of the weakness could be due to a change in the way companies hire.

Figures from ANZ showed total job advertisements fell 1.7 per cent in March, from February when they dipped 0.8 per cent.

Ads averaged 166,509 a week, six per cent lower than in March last year.

ANZ's head of Australian economics David Plank noted the fall in the ads series was at odds with government data on vacancies which hit record highs in the February quarter.

"We think the divergence may reflect changes in the way firms search for employees, with more possibly directing job seekers to their own websites rather than advertising broadly for every position," Mr Plank said.

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

"If this is the case, then the divergence reflects a structural shift in ANZ Job Ads rather than signalling a weaker job market."

Recent strength in business conditions and job vacancies suggest that the labour market will remain resilient despite weaker job ads, he added.

Australia's labour market tightened steadily through 2018 even as the economy appeared to slow, with the unemployment rate hitting an eight-year trough of 4.9 per cent in February.


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world