Jobs Australia Advertisements Rise

Following a strong increases over the previous three months from April to June, Australian job advertisements in newspapers and on the Internet rose in August for the fourth consecutive month.

The pickup in Australian business conditions is helping companies realize better earnings and to hire more workers, indicating that Australian economy is maintaining good momentum into the second half of the year.   It has historically proved to be a very good indicator of future labour market conditions and thus, is extensively relied upon for forecasting employment growth.