Business news

    Anz job ads rise again

    Article Image

    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.?

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa