Finance Finance News Job ads fall in November

Job ads fall in November

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The latest ANZ job advertisement survey has revealed a decline in the number of positions advertised during November.

The figures show jobs advertised in newspapers and online fell by 0.8 per cent during the month, after dipping by 0.1 per cent in October.

The result means the number jobs advertised in November was 10 per cent lower than during the same month last year.

However, ANZ economist Justin Fabo says the figures show the deterioration in the jobs market is slowing.

“While across the different measures of labour demand there have been some signs of stabilisation, it remains unclear whether this will persist and result in an increase in labour demand over the next couple of months,” he said in a statement.

“We will continue to watch job advertising trends very closely.”

Mr Fabo expects Australia’s unemployment rate to edge up to 5.8 per cent when official figures are released on Thursday.

“Despite the improvements in some areas of the economy, labour market conditions are likely to remain soggy in the near term,” he said.

“The resources boom is now moving into the operational/production phase which is expected to be less labour intensive than the investment phase.”

The average number of jobs advertised in newspaper each week during November fell by 1.7 per cent.

The average weekly number of jobs advertised online during the month fell by 0.8 per cent.