{"id":113412,"date":"2021-05-03T02:05:35","date_gmt":"2021-05-03T02:05:35","guid":{"rendered":"https:\/\/fin2me.com\/?p=113412"},"modified":"2021-05-03T02:05:35","modified_gmt":"2021-05-03T02:05:35","slug":"australia-job-ads-rise-4-7-in-april-as-demand-for-labour-stays-strong","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/australia-job-ads-rise-4-7-in-april-as-demand-for-labour-stays-strong\/","title":{"rendered":"Australia job ads rise 4.7% in April as demand for labour stays strong"},"content":{"rendered":"<figcaption>FILE PHOTO: A man reads job adverts in a newspaper at a cafe in Sydney, Australia, May 9, 2016.  REUTERS\/David Gray\/File Photo  <\/figcaption><p>SYDNEY (Reuters) &#8211; Australian job advertisements climbed for an 11th straight month in April to reach their highest in 12 years, suggesting strong demand for labour will withstand the removal of some government emergency support programmes.<\/p>\n<p>Monday\u2019s figures from Australia and New Zealand Banking Group showed total job ads grew 4.7% in April from March, when they rose 7.8%.<\/p>\n<p>At 196,612, ads were at their highest level since 2008 and up almost 200% on a year earlier when a pandemic lockdown shut many industries.<\/p>\n<p>ANZ senior economist, Catherine Birch, said the strength of ads was welcome given the ending of the government\u2019s JobKeeper support programme could see 100,000-150,000 out of work.<\/p>\n<p>\u201cWe\u2019ve also seen almost 160,000 additional people employed over the past two months,\u201d said Birch. \u201cStrong labour demand should mean that many, but not all, will be able to find work elsewhere relatively quickly.\u201d<\/p>\n<p>Unemployment has fallen much quicker than policy makers expected to hit 5.6% in March, down from a pandemic peak of 7.5% reached in July last year.<\/p>\n<p>The Reserve Bank of Australia is aiming to drive unemployment down to 4% or even lower in the hope of finally lifting wage growth and inflation after years of tepid gains.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/australia-economy-vacancies\/australia-job-ads-rise-4-7-in-april-as-demand-for-labour-stays-strong-idUSS9N2KV017\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: A man reads job adverts in a newspaper at a cafe in Sydney, Australia, May 9, 2016. REUTERS\/David Gray\/File Photo SYDNEY (Reuters) &#8211; [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":113411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Australia job ads rise 4.7% in April as demand for labour stays strong - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/australia-job-ads-rise-4-7-in-april-as-demand-for-labour-stays-strong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia job ads rise 4.7% in April as demand for labour stays strong - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: A man reads job adverts in a newspaper at a cafe in Sydney, Australia, May 9, 2016. 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