20 Sep 2013

Year before job ads at pre-recession levels

8:03 pm on 20 September 2013

Economists expect the number of jobs being advertised could be at pre-recession levels in a year, despite a fall in advertising in August.

ANZ Bank's monthly survey shows the number of advertised jobs fell a seasonally adjusted 1.4% in August.

That was made up of a 12% drop in newspaper ads and more than a 0.5% increase in jobs advertised on the internet.

"Newspaper advertising is quite volatile, more volatile than the internet advertising, so that's why we tend to look at the sum of them both," ANZ senior economist Sharon Zollner said.

"I don't think there's anything too ominous in that number."

Internet job advertisements was up 4.8% but that was still more than 12% off its pre-recession peaks, and the economy had grown in the meantime, Ms Zollner said.

She believed it would be at least a year before job ads were back to pre-recession levels.

"We can expect job ads to start to rise more markedly because if you talk to businesses they all say they intend to hire," she said.