The pace of improvement in job advertising has slowed but the modest 0.3% rise in July is still positive, according to the ANZ job advertisements series.
ANZ senior economist Justin Fabo says a very gradual improvement in terms of demand for labour over 6-12 months is quite encouraging.
Job advertising is about 6 per cent higher than it was at the end of 2013.
“The other encouraging thing is where that improvement has been: outside the resource sector, we’re seeing a clear improvement in labour demand in terms of the number of job ads in the non-mining sector,” he says.
The improvement in July was driven by a modest rise in internet job ads of 0.4% on the previous month while newspaper job ads, which make up only around 5% of overall ANZ job ads, fell a further 2.8%.
Newspaper job advertising, however, has been volatile in recent months, trending comfortably higher in some states, particularly in NSW and Victoria, but is weak in ACT and South Australia.
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