"The bounce in ads in October is consistent with elevated business conditions and capacity utilisation," said ANZ's head of Australian economics, David Plank. "The slight slowing in the month-on-month trend growth since August supports our view that employment growth is likely to moderate a touch after this extraordinary period of strength," he said. Jobs growth has surged this year, according to the official measure of employment, nudging the jobless rate down to 5.5 percent.
Australian job ads bounce 1.4%
Australian job advertisements rebounded in October after a brief dip the previous month, suggesting the country's run of strong employment gains could last a while yet, a survey showed on Monday. A monthly survey by Australia and New Zealand Banking Group showed total job advertisements rose 1.4 percent in October, more than reversing a 0.7 percent drop in September. Ads of 169,577 were up a healthy 12.5 percent compared to last year and still near their highest since 2011.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419