Job ads point to stable unemployment rate

The number of jobs advertised around the country was largely flat last month after rising for four months in a row.

The ANZ Job Advertisements Series shows job listings slipped by just 0.1 per cent in December, sesonally adjusted, leaving the yearly rate of growth at a healthy 10 per cent.

In December, online job ads eased by 0.1 per cent, while those in newspapers fell by 1.2 per cent.

ANZ senior economist Justin Fabo said the slight fall in job ads last month was likely due in part to the Christmas holiday and hiring could rise again this month.

"The number of job ads we saw on that day were probably a bit lower than what we might have seen otherwise," he said.

"So our guess is that growth in job ads was probably a bit understated for December, and when we get the January numbers we might see a bit of a bounce back."

Despite the flat result for December, Mr Fabo says last year's 10 per cent growth in job ads suggests there is good momentum in the labour market.

He expects Australian Bureau of Statistics labour force data due out on Thursday to show the unemployment rate remained below 6 per cent in December.

"We think a number a little bit below 6 per cent would be consistent with the trend that we've seen in our own job ads series, so that seems about right - we are seeing some improvement in the labour market," he said.

SOurce: ABC News

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