The Australia and New Zealand Banking Group Limited (ANZ) released its job advertisements figures on Monday. Job advertisements rose 1.0% in January, after a 0.1% fall in December. That was the eighth consecutive increase.
The increase was mainly driven by a rise in internet job advertisements, which climbed by 1.1% in January.
"There is some evidence in the trend numbers that job ads have lost a little momentum in the past six months. This is only an early signal and will need to be confirmed by more data. Overall we see the job ads series, in conjunction with other leading indicators of labour demand, as consistent with further moderate employment gains in early 2016, enough at least to keep the unemployment rate stable," the ANZ Chief Economist Warren Hogan noted.