Australia's ANZ Feb job ads up 3.4 pct from Jan, up 24.8 pct year-on-year |
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Tue, 13 Mar 2007 01:49
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SYDNEY (XFN-ASIA) - Job advertisements in newspapers and on the Internet during February averaged 216,621 per week, 3.4 pct more than in January and 24.8 pct more than a year before, Australia and New Zealand Banking Group Ltd (ANZ) said.In January, the survey showed 0.1 pct less job ads than in December.ANZ said the result of the latest monthly survey showed that the trend decline in newspaper job advertisements in major metropolitan newspapers has turned a corner, with the number of job advertisements rising over the past five consecutive months after a long period of trend decline.However, newspaper job advertisements remain 9.6 pct lower than at the most recent peak in November 2004.Job advertisements in major metropolitan newspapers fell an adjusted 2.5 pct in February to an average of 19,768 per week. They were down 1.0 pct In January from December.Over the year to February, newspaper advertisements in adjusted terms were down 1.3 pct.ANZ said internet job advertisements rose an adjusted 4.1 pct last month when compared to January to an average of 196,853 per week and were 28.2 pct higher than a year before.Internet job ads were flat in January from December.ANZ head of Australian economics Tony Pearson said the trend data show the demand for labor picked up in the second half of 2006 and into early 2007, with both newspaper and internet ads showing stronger monthly trend increases.He said this would normally point to an acceleration in employment growth over coming months, but the already tightly stretched labor market may moderate the pace at which employment can grow.'The latest data certainly suggest there is little prospect of an easing in labor market conditions in sight, which will keep policy makers alert to the emergence of wages pressures,' Pearson said.paul.daniel@xfn.com
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