Monday 6 June 2011

The Northern Territory defies job trends

http://www.woodwards.co/
A private survey by the ANZ bank group shows the number of jobs being advertised fell sharply in May across most of Australia, but the Northern Territory has bucked the trend.

The ANZ job advertisement series measures the number of jobs advertised in the major daily newspapers and Internet sites covering the capital cities each month.

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.

The survey shows the number of job advertisements in newspapers and online in May posted their largest monthly fall in almost three years, dragged down by non-mining states.

The ANZ Job Advertisements Series shows the number of jobs on offer contracted by 6.5 per cent in the month.

The number of roles listed on the internet fell 6.7 per cent, with a smaller fall in newspaper ads.

But while New South Wales and Victoria saw some sizeable falls in newspaper job ads over the last month, they grew in the Northen Territory, as well as South Australia and the ACT.

The ANZ says it expects official employment data this week to show 14,000 jobs were added to the national workforce in May.
It is forecasting the unemployment rate could go as low as 4.7 per cent in the next few months.

Prepared by Bob Woodward & Associates: offering you business consultancy, accounting, payroll administration and ancillary services in Darwin; The Northern Territory, Australia

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