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Australian job ads edge up 0.2%

In March, Australian job ads on the Internet and in newspapers demonstrated a steady growth, thus dropping a hint at increasing demand for labor.    

A recent survey conducted by New Zealand and Australia Banking Group disclosed a 0.2% surge in total job ads, in average rising to 155,108 per week, compared to February’s 1.2% sag.   

In March, Internet advertisements rebounded by 0.4%, while newspaper advisements edged down 11.4%. Newspaper ads have been falling for years, so we can say they account for a minor fraction of the total.     

The overall number of job advertisements has been mostly intact for up to four months, thus pointing out to an evident easing in employers’ hiring intentions. To a certain degree, that’s not surprising, especially considering an upbeat tempo of jobs growth in 2015, not to mention moderate improvement in the unemployment rate.       

Official measures of employment shocked with their great strength, though softened a little for the last few months. As for the jobless rate, it has been mostly steady, fluctuating around 6%.  

   

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