Australia's job advertising falls 0.9 pct in Jan.
SYDNEY, Feb 03, 2013 (Xinhua via COMTEX) --
Australia's job advertising fell
slightly in January after 10 consecutive monthly declines, a
leading employment survey released on Monday by ANZ Bank showed.
The ANZ job advertisements survey showed the number of job
advertisements on the internet and in newspapers fell 0.9 percent
in January, after a fall of 3.8 percent in December 2012.
ANZ said the result came after large falls in job advertising
towards the end of 2012 with the number of advertisements falling
by about 15 percent in the final four months of the year.
The number of job advertisements on the internet fell 0.6
percent in January while newspaper job advertisements dropped 9.2
ANZ head of Australian Economic and Property Research Ivan
Colhoun said following some notable weakness at the end of 2012,
job advertising was relatively unchanged in January.
"Given the large seasonal swings in job advertising over the
December/January period, we will need to assess the February data
to ascertain whether the previous decline in job advertising is
beginning to moderate," Colhoun said in a statement.
The bank expects growth in the Australian economy to be below
trend in 2013.
Colhoun said without further monetary policy stimulus, the
Australian unemployment rate could drift higher to or above 5.75
percent by mid to late 2013.
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