Job ads in Australia on the rise

Posted by Erina Lin on August 10, 2010 at 3:39 PM

Newspaper job advertisements in Australia, including online and print, were up 1.3 percent in July, according to the latest data by ANZ Banking Group, the Australian reported.

The total number of advertisements increased to an average of 171,685 per week, which made up a 36.1 percent annual rise.

The number of online job advertisements was up 1.3 percent, while those in print increased 1.2 percent.

Although the pace of growth slowed down in July, it is its consecutive monthly increase, and the outlook for the labour market is still positive, according to Sydney Morning Herald.

ANZ chief economist Warren Hogan said the results in July pointed out that both print and web advertising gained strongly in June and May.

"This result highlights Australia's resilience amid the uncertain global economic backdrop. Australian employers still appear upbeat about Australia's economic prospects despite heightened external risks," he added.