The number of new newspaper and internet job ads stabilised in September but ANZ researchers say a small monthly rise is not necessarily a sign the labour market has reached a turning point.
The 0.3 per cent seasonally adjusted rise for September followed a decline of 2.8 per cent in August, the bank’s researchers said on Tuesday, with the annual decline in job ads now 10.4 per cent lower than a year ago.
ANZ senior economist Catherine Birch said job ads may deteriorate again in future months if Australia’s public sector strength is not sustained, and if there is no significant change in momentum in private sector employment.
AAP