Recent data published by ANZ, suggests there is a gradual improvement in Australian labour demand.
This conclusion is reached due to a modest increase of 0.3% in job ads during July, 6% higher than at the end of 2013. This growth is influenced by a rise in online job advertisements of 0.4%, despite recent volatility in the labour market.
While newspaper ads, which account for approximately 5% of the overall job ads, fell by 2.8% m/m. Regardless of market volatility, newspaper ads seem to be easily trending in a number of states, with NSW and Victoria been the highest, while in ACT and South Australia this trend remains weak.
It seems quite positive that Labour demand has continued to improve this year, even though this pick-up remains slightly moderate.