Job vacancies continue to rise

The number of job advertisements rose 1.0% in March, according to an ANZ Research report released today.

Total job ads on the internet and in newspapers were 2.8% higher than in March 2011 and are now at the highest level since November 2008.

The rise in vacancies was driven by rise in internet job advertisements, which were 4.1% higher than a year ago. Newspaper job ads fell 0.6% in March to 22.0% below levels of 12 months ago.

Growth has now been positive since November 2011.

ANZ chief economist Warren Hogan said advertisements had increased by 12% over the first three months of 2012, in a sign that business hiring intentions were improving.

“The trend in total advertising points toward a modest recovery in employment growth and an unemployment rate remaining below 5.5% through 2012, despite potential divergences between regions and industries,” Hogan says.

While total job advertising has strengthened in 2012, newspaper advertising remained in decline, the report states.

COMMENTS

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Close
SmartCompany Plus

Sign in

To connect a sign in method the email must match the one on your SmartCompany Plus account.
Or use your email
Show
Forgot your password?

Want some assistance?

Contact us on: support@smartcompany.com.au or call the hotline: +61 (03) 8623 9900.