Job advertisements in Australia increased in October, after remaining flat in the previous month, latest survey from the Australian and New Zealand Banking Group revealed Monday.
Total job ads rose a seasonally adjusted 1.0 percent from September, when it showed no variations.
Annual growth in job ads accelerated to 5.2 percent in October from 3.8 percent in the prior month.
"The rise in ANZ job ads is encouraging and points to ongoing improvement in labour market conditions. It is consistent with the moderate pace of economic growth, as well as above average business and consumer sentiment," Felicity Emmett, ANZ head of Australian Economics, said.
"Overall, our assessment is that the labor market will continue to improve at a gradual pace and the unemployment rate will continue to edge lower, supported by low interest rates and still elevated business conditions."
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