Jobs ads rise for fourth month in a row

Job ads on the internet and in newspapers rose 0.9 per cent in September and were up 7.9 per cent for the year, figures from ANZ show.

File photo of the website of online job search engine 'Seek'

Job ads on the internet and in newspapers rose 0.9 per cent in September, figures from ANZ show. (AAP)

Job advertisement numbers rose for a fourth consecutive month, an encouraging sign that the labour market is improving after unemployment hit a 12 year high in July.





ANZ chief economist Warren Hogan said that the rise in job advertisement is now at it fastest pace in two years.

"Other leading indicators of labour demand such as business conditions, profitability and capacity utilisation also point to some trend improvement," he said.

"This makes us more comfortable with the increase in employment in August, which we view as some catch up in the official measures, although some retracement in employment is still expected in September given the sheer magnitude of the increase in August."

Official jobs figures for September will be released on Thursday, with the unemployment rate expected to rise to 6.2 per cent from 6.1 per cent in August, according to an AAP survey of 13 economists.

The number of people with jobs is expected to fall by 30,000 after an increase of 121,000 the month before.

Mr Hogan expects the unemployment rate to stabilise a little above six per cent over the next few quarters before gradually falling.

"Employment in mining and related industries will be weighed down by the windback in mining investment, while improving conditions in some labour intensive industries such as health and construction should provide an offset," he said.

"The recent depreciation of the Australian dollar will also assist in the transition towards non-mining sources of economic growth, assist employment in some industries such as tourism and help stem job losses in manufacturing."


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