August job ads fall dim for outlook

The number of new newspaper and internet job ads fell 2.8 per cent in August, according to a tally by ANZ.

The drop in Australian job ads follows two consecutive increases of 4.9 per cent in June and 0.8 per cent in July, the bank’s researchers said on Monday.

ANZ economist David Plank said the figures were “consistent with other data suggesting that the outlook for the labour market is softening”.

AAP