Australian job advertisements rise

SYDNEY: Australian job advertisements rose for a second month in June in an encouraging sign the economy is growing fast enough to generate demand for labour.

A monthly survey by Australia and New Zealand Banking Group showed total job advertisements rose 0.5 percent in June, from May when they jumped 2.2 percent.

That left the annual pace of job ads growth at 8.0 percent.

The number of internet job ads firmed 0.6 percent, while the more volatile newspaper component fell 5.3 percent.

"Some moderation in job ads growth is to be expected and could partly reflect some uncertainty by firms around the near-term outlook," said Felicity Emmett, head of Australian Economics at ANZ.

"That said, the strength in labour demand over the past two months is consistent with robust business conditions and solid momentum in the domestic economy.  This should support a healthy pace of employment growth in the near term."