Ads to highest level in 4 years
ANZ's job advertisements series posted a sharp seasonally adjusted bounce of +2.4 per cent in May.
This takes total advertisements to their highest level in four years at 157,942.
After six months of broadly flat results this is an encouraging result which bodes well for hiring over the months ahead, particularly in the non-mining sector of the economy.
Despite improved business conditions, weak wages growth has kept inflation low.
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In other news, the Reserve Bank's Index of Commodity Prices rose by 3.8 per cent in Aussie dollar terms in May, although the index is still down by 2.5 per cent year-on-year.
