Job ads hit skids again

Mercury (Hobart) - - BUSINESS -

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.

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