ANZ’s monthly job ads survey was released showing ads were up 1.0% (seasonally adjusted) compared to July and up 8.7% from August, 2014. The comparable July figures were -0.4% and 9.3% respectively. Internet ads were up 1.0% for the month while newspaper ads were up 0.8% but compared to a year ago internet ads were up 9.6% while newspaper ads were down 19.6%. ANZ’s chief economist Warren Hogan said, “The bounce in job advertising is a good sign for now.” Employment growth has been concentrated in service industries. However, he went on to say employment growth would “moderate” in the second half of the year as job losses are likely in the mining, mining-related construction and manufacturing sectors.
