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Monday, 4 September 2017

Jobs market still improving

Advertisements up

Anecdotally, having spoken to a few mortgage brokers, the word is that mortgage lending has been slowing through August and beyond.

So I'll just add that as a brief addendum to yesterday's post.

While on the subject of leading indicators, ANZ reported that job advertisements jumped again b+2 per cent in August to 181,435.

That now makes it six monthly gains on the bounce. 

Total advertisements have ripped +13.2 per cent higher since the beginning of the year

And they not sit at the highest level in six years. 

This should keep monthly hiring tracking at a rate of about +15,000 to +20,000 per month for a good while to come.

And if that happens the unemployment rate is likely to continue its decline. 

All measures of vacancies and advertisements have been rising solidly since 2013.