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Job ads in Australia have fallen for the 11th consecutive month, according to the latest monthly figures provided by banking group ANZ. This found that the number of job ads were down -0.9% in January.
The result follows particularly large falls in job advertising towards the end of 2012 with the number of ads dropping by around -15% in the final four months of the year. In January, job ads on the internet fell -0.6%, while newspaper job ads fell -9.2%. The total number of job ads in January was nearly -30% below the most recent peak in April 2011.
ANZ said the figures needed to be viewed with caution as the holiday period between January and December is subject to volatility. Data for February and March should provide a better indicator of whether the job market will continue to slow down or start a recovery.
ANZ researcher, Ivan Colhoun, said: “ANZ expects the unemployment rate [in January] to have risen slightly to 5.5% and for employment to have risen by around 15,000.
“We expect growth in the Australian economy to be below trend this year as the economy transitions towards a lower dependence on mining investment”