ANZ job advertisements for September
- +3.9% on the month against a +1% for August
Comments from ANZ:
- "The positive trend in job advertising is a sign that the economy is so far adjusting relatively well to significant headwinds from falling commodity prices and mining investment"
- Demand for labour in service industries has strengthened
- "Activity in these industries has been supported by the sharp depreciation of the Australian dollar ...
- Robust housing market activity and its flow-on effects"
-
Note: ANZ chief Economist Warren Hogan is expecting growth to weaken in 2016, he is forecasting 2 RBA rate cuts in 2016
