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Job ads rose for a third consecutive month

Monday, Nov 09 2015
A surge in tourism is boosting the labour market, with the solid recent run up of job advertisements expected to translate into healthy gains in official employment figures. Job ads climbed for a third consecutive month in October, with overall economic activity tipped to remain solid for at least the next year.
 
The number of job advertisements on the internet and in newspapers edged up 0.4% last month, building on a 3.8 per cent surge in September. Job ads in the 12 months to October rose 12.1%, seasonally adjusted figures from ANZ show. ANZ chief economist Warren Hogan said non-mining industries are being supported by the falling Australian dollar, low interest rates and the housing boom.
 
Aussie  is currently being traded around 0.7060 level. Pair is likely to find support around 0.720 area and resistance above 0.71 level. There will be no major data releases in the rest of the session.
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