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ANZ Job Advertisements rose by 1.3%

Monday, Dec 07 2015
Australian job advertisements in newspapers and on the Internet boasted a fourth straight month of growth in November, another encouraging sign that the demand for labour was improving. A monthly survey by Australia and New Zealand Banking Group showed total job advertisements rose 1.3% to 156,187 per week on average in November, from October when they rose 0.3%. Ads were 12.3% higher on November last year.
 
Internet ads climbed 1.4% in November, while newspaper ads fell 4.3%. Newspaper ads have been in decline for years and account for only a fraction of the total. "Australia's labour market continues to send positive signals about the current state of the economy," said Felicity Emmett, ANZ's co-head of Australian economics. "Overall activity is clearly being supported by labour intensive services industries." Employment has surprised with its resilience for some months now with government data showing a particularly strong increase of 58,300 for October.
 
Aussie is currently being traded around 0.7320 area. Pair is likely to find support around 0.7280 handle and resistance above 0.7360 level. There will be no major data releases in the rest of the session.
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