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Financial News: Australia Job Ads Rise For Second Straight Month

Australia Job Ads Rise For Second Straight Month

08/06/2019 - 03:09:00 (RTTNews)

(RTTNews) - Australia's job ads increased for the second straight month in July, data from ANZ showed on Tuesday.

Job ads climbed a seasonally adjusted 0.8 percent month-on-month in July after a 4.9 percent rise in June. The two consecutive increases followed the election-impacted plunge of 8.3 percent in May.

"The data are still being impacted by the late April 'holiday effect', with Easter and ANZAC Day being in close proximity, and then the May election," ANZ's head of Australian economics, David Plank, said.

"We will need another month or two of gains before we conclude the trend has definitely turned," Plank added.

On a yearly basis, job ads fell 9.1 percent in July, but slower than the 9.0 percent decrease in June.

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