Jobs advertisements in newspapers and on the internet have risen for the second month in a row. Source: AAP
JOB advertisements rose in February to their highest level since October 2012, a leading employment survey says.
The ANZ Job Ads survey, released on Monday, showed the total number of ads was up 3.0 per cent in February for a second consecutive month, after a rise of 0.6 per cent in January.
The number of job ads on the internet was up 3.3 per cent February, in seasonally-adjusted terms, while those placed in newspapers fell 2.9 per cent in January.
ANZ head of Australian economic and property research Ivan Colhoun said the employment market was showing signs of improvement.
"In early 2013, there are again early signs of some stabilisation in hiring intentions which come as concerns about the global backdrop, including the US fiscal cliff, have moderated," he said.
"The extent to which the increase in job advertising in January and February represents a similar temporary or sustained pick-up is unclear at this stage.
"Nevertheless, we forecast an improvement in the European and Chinese economies and remain confident that the US recovery will continue despite a large fiscal drag."
Mr Colhoun also said increased confidence in Australia along with lower interest rates should help the local employment market but he expected the unemployment rate to stay above five per cent for the first half of 2013.
"Rising Australian house prices, equity markets, consumer confidence and, to a lesser extent, business confidence in recent months are important signs that accommodative monetary policy should support stronger domestic economic activity," he said.
"Anecdotal evidence suggests that Australian firms are generally keeping a close eye on their bottom line, including labour costs."
The ANZ said newspaper job advertising remained relatively subdued across the country but rates of decline for the most part had been moderating in recent months.
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