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ANZ job advertisements fell by 0.1%

Monday, Jan 11 2016
Job advertisements were broadly unchanged in December, falling a modest 0.1% after recording increases in the previous four months. This month’s growth appears to be downplayed by the Christmas holiday falling on a Friday. In trend terms, job ads rose 0.8% m/m. The number of internet job ads fell 0.1% m/m and rose 10.6% y/y in December. The number of newspaper job ads (just 2% of total job ads) fell 1.2% m/m.
 For the Australian economy the major risks still appear to be external, as is often the case. Only time will tell whether recent ructions in China are indicative of broader challenges in that economy and whether the reverberations across global financial markets are lasting. But it certainly remains the case that achieving growth is much more difficult in the post financial crisis world.
 
Aussie is currently being traded around 0.6960 area. Pair is likely to find support around 0.6930 handle and resistance above 0.70 level. There will be no major data releases in the rest of the session.
Last modified on Monday, 11 January 2016
More in this category: « USD - Major events in the week ahead Australian share market at the lowest level in two-and-a-half years »

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