Job advertisements in Australia increased for the fourth successive month in November, latest survey from the Australian and New Zealand Banking Group revealed Monday.
Total job ads rose a seasonally adjusted 1.7 percent month-over-month in November, faster than October's 1.0 percent climb.
Annual growth in job ads accelerated to 6.1 percent in November from 5.2 percent in the prior month.
"The rise in ANZ job ads over the past four months is quite encouraging given the recent softness in the employment data. It is consistent with our view that although the pace of improvement in the labor market has slowed, conditions remain supportive of ongoing recovery," Felicity Emmett, ANZ head of Australian Economics, said.
"The strength in job ads recently, however, suggests that moderate economic growth should remain supportive of an ongoing gradual fall in the unemployment rate, given still solid business conditions and low interest rates."
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