Job ads suggest fall in unemployment

The number of job ads on the internet and in newspapers rebounded in August, indicating labour market conditions are firming.

Employment advertising in a newspaper in Sydney

The number of job ads rebounded in August after a slip in July, new figures show. (AAP)

Job advertisements have rebounded, suggesting the unemployment rate may fall over the next year.

Job ads on the internet and in newspapers jumped 1.8 per cent in August, after slipping 0.8 per cent in July.

In the year to August, job ads were up eight per cent, figures from ANZ show.

ANZ head of Australian economics Felicity Emmett said the bounce was an encouraging sign that labour market conditions are firming.

"The rise in job ads is consistent with the ongoing strength in business conditions and increasing capacity utilisation reported in the business surveys," she said in a statement on Monday.

"While it does not suggest a rapid turnaround in the unemployment rate, it points to ongoing growth in employment."

Ms Emmett said the August result was consistent with ANZ's view that the unemployment rate would slowly improve over the next year, supported by low interest rates and solid business conditions.


Share
1 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

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

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world