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Sunday, December 5, 2010

“Job ads increase reflects new mining boom”

“Job ads increase reflects new mining boom”


Job ads increase reflects new mining boom

Posted: 05 Dec 2010 04:51 PM PST

The number of jobs advertised in Australian newspapers and online rose for the seventh straight month, a survey shows.

The ANZ job advertisements series showed the total number of jobs advertised in major metropolitan newspapers and on the internet rose 2.9 per cent in November, to a seasonally adjusted average of 184,580 per week.

This follows a downwardly revised 0.7 per cent increase in October and marked the seventh consecutive monthly rise in total job ads.

ANZ head of Australian economics Ivan Colhoun said the continued increase in internet job advertising required careful interpretation of advertising trends.

"Newspaper job advertising in Queensland, WA and South Australia appears to have been significantly impacted by a switch to the internet in the past six to nine months," he said in a statement.

"When allowance is made for this, there remains an improving trend for job advertising in these states, most notably in WA, no doubt reflecting the re-emergence of the mining boom."

The series is now 33.2 per cent higher than a year ago, but still sits below the historic high of 40.2 per cent achieved in May 2007.

Moreover, the total number of job ads remains 35.6 per cent below the all-time peak reached in April 2008.

The report showed the number of job advertisements in major metropolitan newspapers rose 0.9 per cent in November after declines in September and October.

Internet job ads rose 3.0 in November.

The falls in the majority of states, likely reflects the continuing structural change towards internet job advertising as well as some recent slowing of growth in advertisements," the report said.

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