Australia job advertisements rise 2.6% in August
Confidence among Australian companies seems to improve as job adds rose 2.6% in August. In comparison to the same period in 2009, job advertisements increased by 36%, according to a report. The ANZ job advertisements index measures the total number of job advertisements placed in main newspapers and online. This index shows that a weekly average of 176.239 job adds has been placed in August. Job adds rose 1.4% in the previous month. ANZ Warren Hogan, chief economist for ANZ, commented: “The increase in job adds in the last months indicates that confidence among Australian companies has improved. Nevertheless, the development of the global economy remains uncertain. It also indicates that Australia’s economy will continue to perform well in the last two quarters of this year.” Job advertisements The survey shows that job advertisements rose 6.9% in the second quarter. Adds placed in newspapers increased by 1.5%, while online job adds rose 2.6% in August. In contrast to August 2009, the ...