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ANZ Job Advertisements continue to trend up, rising 1.5% m/m in July in seasonally adjusted terms. Total job ads are now up 6.5% since the beginning of the year. Annual growth picked up from 10.5% in June to 12.8% this month.

 In trend terms Job Advertisements were up 1.0% m/m in July following a 1.3% rise in the previous month. ANZ comments: Recent data has shown a clear improvement in labour market conditions. Consistent with elevated business conditions, profitability and capacity utilisation.

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