SYDNEY May 5 Australian job advertisements in
newspapers and on the Internet rose for a fourth straight month
in April, a further sign that demand for labour is recovering
from a long fallow period.
A survey by Australia and New Zealand Banking Group
showed total job advertisements rose a seasonally adjusted 2.2
percent in April, from March when they had risen 1.4 percent.
The average number of job ads per week was 136,091, from an
upwardly revised 131,111 in March. That was up 1.5 percent on
April last year, the first positive growth reading in at least
Job ads on the Internet rose 2.7 percent in April to 132,436
and were up 2.2 percent on the year. Newspaper ads fell 11.8
percent, after a couple of months of gains as part of a
prolonged structural shift to other forms of advertising.
"Labour demand has strengthened this year, with each of the
main job ads/vacancies measures improving gradually, or at least
stabilising over this period," said ANZ chief economist for
Australia Ivan Colhoun.
"The pick-up in hiring intentions suggests employment growth
will continue to improve modestly in the near term and the
unemployment rate should be close to a peak around 6 percent or
Official employment figures for April are due on Thursday
and analysts generally look for a rise of 6,750 after a couple
of solid months. The jobless rate is seen ticking up to 5.9
percent after an unexpected fall to 5.8 percent in March.
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 Shri Navaratnam)