JOB ADS ON THE RISE

JOB ADS ON THE RISE

JOB advertisements increased by 2.2 per cent in April, indicating the employment market is slowly recovering compared to this time last year, according to ANZ.

Research by the bank shows advertising has risen for four consecutive months, at an annualised rate of almost 30 per cent this period.

“While the pace of improvement in job ads suggests that labour market conditions have only improved moderately at this stage and therefore do not suggest a rapid turnaround in the unemployment rate.

Internet ads increased 2.7 per cent, while newspaper ads declined by 11.8 per cent – attributed to the timing of Easter and ANZAC Day public holidays.

“This suggests that low interest rates are assisting the economy’s transition to non-mining sources of growth,” Colhoun says.

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Westpac breached Banking Code of Practice in NT branch closure, putting vulnerable customers at risk

Westpac breached Banking Code of Practice in NT branch closure, putting vulnerable customers at risk

The independent body tasked with keeping bank behaviour in check ha...

Cyber security consultancy CSO Group to merge with AI enabler xAmplify

Cyber security consultancy CSO Group to merge with AI enabler xAmplify

Sydney-based cyber security consultancy CSO Group is set to join fo...

Julian Assange will be freed after striking plea deal with US authorities

Julian Assange will be freed after striking plea deal with US authorities

Julian Assange has reached a deal with the United States Department...

Cash transporter Armaguard receives $50m lifeline to stay afloat

Cash transporter Armaguard receives $50m lifeline to stay afloat

As cash processing, storage and transport company Armaguard struggl...