Plus   Neg

Australia ANZ Job Ads Recover In May

Australia's job advertisement recovered in May, data from ANZ showed on Tuesday.

Job ads rose 0.5 percent month-on-month in May, after a 53.4 percent decrease in April.

On an annual basis, job ads decreased 59.8 percent in May, following a 62.3 percent fall in the previous month. This was the seventeenth consecutive fall.

"The week-to-week movements are more promising, with job ads improving steadily during May, from a low point at the beginning of the month," ANZ Senior Economist, Catherine Birch, said.

"This is consistent with the gradual rollback of COVID-19 restrictions, which has allowed some businesses to reopen, extend trading hours or increase activity and is seeing a recovery in household spending," Birch said.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT