ANZ’s monthly job ads survey was released showing ads were up 0.4% (seasonally adjusted) compared to September and up 12.1% from October, 2014. The comparable September figures were +3.9% and +12.8% respectively. Internet ads were up 0.3% for the month while newspaper ads were up 3.0%. Compared to a year ago internet ads were up 12.9% while newspaper ads were down 15.3%.
ANZ’s chief economist Warren Hogan said, “The improving trend in job advertising is good news. Despite some challenges, the economy overall is currently tracking along pretty well.” He expects the labour market to remain “quite good” and even thinks the unemployment rate may drop a little. However, he expects the jobs growth to be temporary and “likely to wane in the first half of 2016.”
