6 Dec 2011

Job adds fall in Australia

5:13 am on 6 December 2011

A survey in Australia shows signs of a slowing economy, with no growth in the number of job ads on the internet and in newspapers last month.

The ANZ Job Advertisements Series for November found the number of jobs advertised stayed steady on a seasonally adjusted basis.

The ABC reports the number of jobs advertised in newspapers rose more than 0.5% over the month, but newspaper ads are down 16% over the year.

ANZ's head of Australian economics Katie Dean says fewer job ads suggests there will be weaker employment growth in coming months.