ANZ job ads firm

ANZ job ads are out and firmed again in March by 1.4 per cent. February gains were revised up to 4.7 per cent. Year on year job ads a2.7 per cent on March last year, but a big improvement from the middle of last year when the annual drop reached 18.8 per cent. From ANZ:

“There is now clearer evidence that labour demand is strengthening. Importantly, there has been strength in job advertising in some key industries, including construction, education and health.”

Good news and not unexpected but the gains are muted and the capex cliff still lies ahead.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.