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Job ads suggest fall in unemployment

AAP logoAAP 5/09/2016

Job advertisements have rebounded, suggesting the unemployment rate may fall over the next year.

Job ads on the internet and in newspapers jumped 1.8 per cent in August, after slipping 0.8 per cent in July.

In the year to August, job ads were up eight per cent, figures from ANZ show.

ANZ head of Australian economics Felicity Emmett said the bounce was an encouraging sign that labour market conditions are firming.

"The rise in job ads is consistent with the ongoing strength in business conditions and increasing capacity utilisation reported in the business surveys," she said in a statement on Monday.

"While it does not suggest a rapid turnaround in the unemployment rate, it points to ongoing growth in employment."

Ms Emmett said the August result was consistent with ANZ's view that the unemployment rate would slowly improve over the next year, supported by low interest rates and solid business conditions.

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