Job ads bounce back in August

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The number of job advertisements on the internet and in newspapers rose 1.0 per cent in August, bouncing back from the 0.5 per cent fall in July.

Job ads in the 12 months to August were up 8.7 per cent, seasonally adjusted, figures from ANZ show, but the rate of growth has been slowing since late last year.

ANZ chief economist Warren Hogan said employment growth is unlikely to pick up in the coming months because of job losses in mining and manufacturing and a weak investment outlook.

“This is consistent with our expectations for employment growth to moderate in the second half of the year, after a strong first half,” he said.