A leading employment survey shows employers becoming more confident about the economic outlook with job ads up eight per cent in March compared to the same time a year ago.The ANZ job advertisement series found that the total number of job ads placed in newspapers and on the internet rose by 1.8 per cent to 162,692 a week.
ANZ chief economist Warren Hogan said "This month's continuation in job ads growth suggests labour demand is strengthening in early 2010 and confirms the rapid improvement in economic conditions in Australia over the past six months."
Mr Hogan said ANZ expected the unemployment rate to ease through the rest of 2010, albeit with "temporary wobbles".
The unemployment rate rose 0.1 percentage points in February to 5.3 per cent. The ANZ report expect the figure for March to remain at 5.3 per cent despite their March report showing an extra 12,000 jobs added during the month.
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