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SYDNEY, April 8 (Reuters) – Australian job offers in newspapers and the internet have fallen for a fifth consecutive month in March, with some of this weakness likely to be due to a change in the way companies hiring . Figures released by the Australian and New Zealand banking group show that the total number of job offers fell by 1.7% in March, following a 0.8% decline in February.
The ads averaged 166,509 per week, or 6.0 per cent less than in March of last year.
ANZ's Australian Business Manager, David Plank, said the decline in the ad series was at odds with the government's vacancy data, which hit record highs in February.
"We believe that the discrepancy may reflect changes in the way companies search for employees, with more opportunity to point job seekers to their own websites rather than to a broad advertisement for each position. "said Plank.
"If so, then the discrepancy reflects a structural change in the ANZ job ads rather than signaling a weaker labor market."
The recent strength of economic conditions and job offers suggests that the job market will remain resilient despite weaker job offers, he added.
The Australian labor market tightened gradually until 2018, even as the economy seemed to be slowing down, with the unemployment rate bottoming out at eight years (4.9% in February). (Report by Wayne Cole edited by Shri Navaratnam)
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