You could say the good news just keeps on truckin’ on:
The labour market is taking off, with more jobs advertised in March, continuing a run of rises for three months in a row, a bank survey shows.
A strong economy is now being accompanied by rising employment, that will provide a backbone to household income growth over the months ahead.
The latest ANZ job ads survey points to unemployment falling from 6 per cent at the end of last year to 5.7 per cent at the end of March and dropping even more in coming months.
The number of job advertisements lifted 1.1 per cent in March, seasonally adjusted.
“This bodes well for an ongoing downward trend in the unemployment rate.” ANZ said.
Job advertising on the internet in March rose 2 per cent but fell 4.6 per cent in newspapers.
In the three months to March the level of internet job advertising lifted 6.4 per cent compared with the previous the three months, to be 15.3 per cent higher than a year ago.Â Read more »