Australian job ads increased 2% month-on-month in August, according to data from Anz.
The volume of unfilled labour demand suggests the effects of higher inflation, rising rates and global growth risks on the labour market will be lagged, the bank noted.
?We think the falls in employment and participation in July?s labour force survey were temporary reversions after rapid improvements over recent months,? said Catherine Birch, senior economist at Anz.
?We continue to expect solid employment growth over the remainder of the year, underpinned by the significant volume of unfilled labour demand.?