Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Tuesday, 8 November 2016

Job ads rise to 4.5 year high

Seasonally adjusted job advertisements increased by +1 per cent in October to 161,499, to be +5.2 per cent higher than a year ago, according to ANZ

The long, slow grind higher continues.

In fact, total ads are now at their highest level since April 2012. 

The report tells us little about the quality of jobs, but the volume suggests that the gradual downtrend in the unemployment rate (which has fallen from 6.3 per cent to 5.6 per cent) is likely to remain intact.