SYDNEY, June 10 Australian job advertisements in
newspapers and on the Internet fell 5.6 percent in May to end a
four-month run of gains, a possible sign that businesses scaled
back hiring plans in the face of a tough federal budget.
A survey by Australia and New Zealand Banking Group
showed total job advertisements fell to 127,790 per week on
average in May, from 135,421 in April. Ads were down 3.0 percent
on May last year.
"The timing of the fall coincides with the deterioration in
consumer confidence since negative news flow regarding the
Commonwealth Budget began and suggests that business confidence
has similarly been affected," said ANZ senior economist Justin
"Along with confidence, the key question now is whether the
fall in job ads is largely temporary," he added.
Official employment figures for May are due on Thursday and
analysts generally look for a rise of 10,000 after a run of
solid months so far this year. The jobless rate is seen ticking
up to 5.9 percent from 5.8 percent in April.
The ANZ job ads survey's correlation with employment has
weakened over the last couple of years, in part due to firms
using other methods of reaching job seekers such as social
(Reporting by Wayne Cole; Editing by Clarence Fernandez)