Finance Finance News Jobs ads on the rise: ANZ

Jobs ads on the rise: ANZ

bad jobs growth data
Employment growth has more than halved over the past six months. Photo: Shutterstock
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Job advertisement numbers have risen for the second month in a row, new figures show.

Job ads on the internet and in newspapers rose 0.3 per cent in July and were up 4.2 per cent for the year, figures from ANZ show.

In June jobs ads climbed 4.4 per cent after a 5.5 per cent fall in May.

The number of online job ads rose 0.4 per cent in July, but those placed in newspapers fell 2.8 per cent, ANZ said.

ANZ chief economist Warren Hogan said demand for new staff was on the rise, albeit at a moderate pace.

“This is broadly consistent with ANZ’s view of a relatively gradual pick-up in economic activity,” he said.

Mr Hogan said that although retail spending slumped April and May, consumer confidence should recover from its federal budget-related slump, which will boost spending.

Official jobs figures will be released on Thursday, with the unemployment rate expected to stay steady at six per cent in July, according to an AAP survey of 15 economists.