The Australian job market is showing signs of improvement, with new figures revealing an increase in the number of advertised jobs.
According to the Olivier Job Index, advertised positions climbed 2.5 percent in August, the biggest jump since May 2008.
Commenting on the results, Olivier Group director Bob Olivier said there has been an “increased confidence amongst employers on the back of the strong economic signals, and hiring intentions are up a little bit.”
A similar survey conducted by the ANZ released today, has also revealed that the economy is improving, as newspaper and online job ads climbed 4.1 percent, seasonally adjusted, in August at an average of 130,326 a week.
ANZ Banking Group acting chief economist Warren Hogan said all the evidence is pointing to an economic recovery.
“These data provide the best evidence…that the labour market (and the economy more generally) are about to enter the recovery phase of this downturn,” he said.
However he also said it may take time before there is a sustained period of job growth.
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