SYDNEY Jan 14 Australian job advertisements in
newspapers and on the Internet fell again in December, a tenth
straight month of decline that pointed to softer demand for
A survey by Australia and New Zealand Banking Group
showed total job advertisements fell a seasonally adjusted 3.8
percent to 133,352 in December, following a drop of 2.8 percent
the month before. That was down 16.1 percent from December 2011.
Job ads on the Internet fell 3.9 percent to 127,799 in
December, from the month before, to be down 15.3 percent on the
year. Newspapers ads dropped 0.4 percent, continuing a long-run
shift away from newspapers toward Internet ads.
"The ongoing weakness suggests that conditions for a large
share of Australian businesses remain challenging and the
outlook uncertain," said ANZ's head of Australian economics,
He cautioned that without further monetary easing, the
unemployment rate could rise towards 5.75 percent by the end of
2013, from the current 5.2 percent.
The Reserve Bank of Australia (RBA) cut interest rates in
both October and December, taking them to a record-matching low
of 3.0 percent.
ANZ is tipping further cuts this year, perhaps to as low as
Official figures on the labour market are due on Thursday
and are expected to show employment was flat in December,
nudging the jobless rate up to 5.4 percent.
While employment growth was subpar over 2012, the jobless
rate was surprisingly steady in part due to a drop in
ANZ said it received only partial data for December
newspaper job advertising in NSW and Victoria so estimates have
been used for the missing data.
(Reporting by Wayne Cole)