Job ads match modest jobless decline
The number of job advertisements rose by a seasonally adjusted 2.8 per cent in January, rebounding after two months of falls, according to the latest ANZ Job Ads survey.
Internet advertising grew by 3.4 per cent while newspaper ads declined by 0.6 per cent after a strong lift in December's survey.
On a three-month average basis the level of internet job advertising lifted 2.6 per cent in the three months to January compared with the three months prior, while newspaper ads fell 7 per cent by the same measure.
ANZ said the modest decline in the unemployment rate seen in the fourth quarter of last year was consistent with the job ad data.
The latest level of job advertising and broad trends indicated that the unemployment rate would continue to decline gradually over coming months.
"The unemployment rate has been more volatile than the steady gradual improvement in job ads," ANZ senior economist Sharon Zollner said.
"Indeed, the improvement in the unemployment rate has arguably front-run the growth of job ads over the past few months. However, the lift in job ads now evident offers encouragement that the improvement in the labour market will persist."