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Tuesday, December 9, 2014, Agrahayan 25, 1421, Safar 15, 1436 Hijr

Australian job ads climb to 23-month high
Published : Tuesday, 9 December, 2014,  Time : 12:00 AM,  View Count : 7
SYDNEY, Dec 8: The Australian job market is relatively stable, hitting a 23-month high in November despite signs the nation's economy is weakening.
The monthly Australian New Zealand (ANZ) job ads report shows the number of positions advertised grew by 0.7 per cent in November, with a jump in online ads offsetting a continued fall in newspaper advertisements.
The total number of ads is now up nearly 9 per cent on a year ago.
"This is an encouraging sign and is consistent with a number of similarly forward-looking indicators that point to some near-term improvement in employment growth and stabilization in the unemployment rate," ANZ chief economist Warren Hogan said in a statement.
"Our broad assessment is that labor market conditions have improved but growth headwinds over the next few years will likely limit the prospects for any material improvement."

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