ANZ Job ads increase more slowly

The ANZ Job ads series showed slower trend growth in February, and was the slowest increase since September 2009.
"In trend terms, the monthly growth rate in total job ads decelerated to 2.3% in February which, while still firmly positive, was the slowest pace of growth since September 2009. Annual trend growth improved to the ‘less bad’ rate of -9.2% YoY, from -18.4% in January, and has now been improving each month since June 2009 (see table 1)."

While the media release is entitled "Job advertisements leap ahead in February" (PDF 224 kb) the figures are a little less optimistic, suggesting that economic recovery is more brittle than at first thought.

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