Australia ANZ Oct Job Advertisements Up; Offsets Sep Decline

     SYDNEY (MNI) - Job advertisements in Australia rose by the fastest pace in

three months, with the latest rise more than offsetting a revised decline the

month before, data from ANZ published Monday showed.

     Job ads rose 1.4% m/m in October after a 0.7% decline in September, which

was revised down from previously reported flat outcome. 

     In trend terms, job ads have risen for over two years and have recorded

double-digit y/y growth rates for eight months in a row, in line with strong

business conditions reflected in National Australia Bank's monthly business

surveys. There has been a small moderation, however, in the latest month likely

reflecting a small slowing after recent strong growth.

     From the ANZ job-advertisement survey for October:

                             October                September

-------------------------------------------------------------

Job Ads (SA*, Change M/M)      +1.4%  -0.7 (revised from 0.0)

Job Ads (SA*, Change Y/Y)     +12.5%                   +12.3%

Job Ads (Trend, Change M/M)    +0.5%                    +0.7%

Job Ads (Trend, Change Y/Y)   +12.2%                   +12.4%

--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com

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