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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.
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