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Labour market continues to show signs of strain

The number of job advertisements was down in November.

The Australian labour market is continuing to show signs of strain with figures from the ANZ Job Ads survey claiming the number of job advertisements in the country was down in November.

Indeed, a month-on-month fall of 0.8 per cent last month left job advertisements ten per cent lower than had been the case 12 months earlier.

Justin Falbo, head of Australian economics, corporate and commercial at ANZ, said while the number of job adverts continues to go down, the rate of deterioration has slowed, which could spell good news for the economy as a whole in the coming months.

Markets such as property are showing signs of improvement, with house prices on the rise according to the recent Australian Property Monitors.

Mr Fabo added: "Tentative signs are emerging that the strength in housing and the lower Australian dollar are beginning to flow into better conditions for domestic retailers, with retail sales rising solidly in recent months."

Posted by Craig Francis

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