Job ads fall for eighth straight month
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Australian job advertisements have fallen for an eighth consecutive month, with falls in the mining states reflecting weaker activity in the resources sector.
The ANZ Job Ads survey, released on Monday, showed the total number of ads fell 2.9 per cent in November, after a drop of 4.6 per cent in October.
That takes the number of job ads to the lowest point since January 2010.
Newspaper job ads fell by 4.6 per cent in November, and internet job ads declined by 2.8 per cent.
Newspaper job advertising weakened in most states and territories, most notably in NSW (-10 per cent).
There were also falls in Western Australia (-7.2 per cent) and Queensland (-3.7 per cent), two states strongly associated with the mining sector.
"The weakness in job advertisements across the mining states of Western Australia and Queensland has been particularly concerning and reflects a much slower pace of mining-related hiring over the past six months," ANZ head of Australian economics and property research Ivan Colhoun said.
Newspaper job ads declined by 3.1 per cent in Victoria, and 3.6 per cent in the ACT.
They rose by 11 per cent in Tasmania, three per cent in the Northern Territory, and 0.4 per cent in South Australia.
"Job advertising has remained soft and is not demonstrating any sign of a pick-up in non-mining labour demand," Mr Colhoun said.
"With the mining investment profile now not as robust as earlier expected, a pick up in non-mining activity in the near term remains important.
"However, despite some signs of improvements in a number of economic indicators including building approvals and retail spending, the recovery in non-mining activity remains very tentative."
Without monetary policy change from the central bank, Australia's unemployment could rise to six per cent by the end of 2013, Mr Colhoun warned.
The Reserve Bank of Australia (RBA) will meet on Tuesday to decide its final cash rate decision for 2012, and is largely expected to ease by 0.25 of a percentage point.
The cash rate is currently at 3.25 per cent.