Job ads hit skids again
THE number of new newspaper and internet job ads fell 1.0 per cent in October, according to a tally by ANZ. The drop in seasonally adjusted Australian employment ads followed a 0.3 per cent rise in September, the bank’s researchers said yesterday, dimming hopes of a recovery in jobs growth.
“Job ads are now at their lowest level since January 2017,” ANZ economist Catherine Birch said, setting aside the “holiday-affected May result”.
The total number of ads during the month, 163,083, was a slide of 11.4 per cent compared with October last year.
“In particular, employment in the construction industry should continue to fall as residential building activity contracts,” Ms Birch said.