Jobs advertisements fall by 1.2% in the month of April
The total number of jobs advertised online and in newspapers fell by 1.2% in the month of April, according to a survey conducted by ANZ bank. This was reported the first monthly decline in jobs ads in past three months. ANZ said that the decline in total number of job advertisements in April was mainly attributable to the interest rate rises and lowering demand in jobs market in the period.
"The modest decline in job advertisements in April is not surprising in the wake of two successive rate hikes from the RBA," said Warren Hogan, chief economist of ANZ.
The ANZ Job Advertisements series showed a decline of 1.2%, seasonally adjusted, in total job advertisements in the month of April compared to previous month. On an average, total number of job advertisements was reported of 160660 per week in the month of April.
ANZ also reported that total number of job ads in April was reported up by 14.9% while compared to the same month last year. This was reported the fastest growth on yearly basis since April 2008.
According to the ANZ Job Advertisements series, the number of jobs advertised in major metropolitan newspapers was reported down by a seasonally adjusted 0.7% in the month of April comparing to March. On the other hand, it was reported up by 17.6% comparing to the same month last year.