Australia ? Job advert number continue to rise
The number of jobs advertised across Australia increased by 7.3% in April 2015, compared with the same month last year, according to the latest figures from ANZ Bank’s job ads survey. Job advert levels have increased every month since June 2014, when compared with the same month the previous year.
Warren Hogan, Chief Economist at ANZ, commented: ?After slipping lower in March, job advertisements posted a solid rebound in April, and now sit at the highest level in two-and-a-half years. The positive result is consistent with recent employment data. The release of the March labour force survey contained revisions, which increased employment and lowered the unemployment rate, painting a better overall picture of the labour market.?
?But, despite this improvement, the unemployment rate is remaining stubbornly higher than the trend increase in job ads would suggest? We believe this divergence is partly due to a high level of job losses in particular sectors, which suggest that job ads may be a more appropriate indicator lf labour demand in the non-mining, non-manufacturing sectors at present. Retrenchments and strong growth in part-time labour supply may also be driving a reduction in the ability of the labour market to match jobs with workers,? Mr Hogan added.
