ANZ Australia Total Job Ads Fell 0.7% In Oct Vs Sep
fxbom.com
12:28 PM
SYDNEY -(Dow Jones)- The total number of job advertisements in Australian newspapers and on the internet fell 0.7% in seasonally adjusted terms in October compared to September to an average of 181,005 ads per week but remains 1.8% higher on year, Australia & New Zealand Banking Group Ltd., which compiles the data from major newspapers, said Monday.
The number of internet job advertisements fell 0.6% in October but remains 2.8% higher in seasonally adjusted terms on year and job advertisements in newspapers in Australia fell 0.7% in October and grew 1.8% on year.
“The weakness in both internet and newspaper advertising suggests below trend growth in employment and a gradual rise in the unemployment rate over coming months,” ANZ economists said in a statement.
-By Enda Curran; Dow Jones Newswires; 61-2-8272-4687; enda.curran@dowjones.com
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