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The Australia and New Zealand Banking Group Limited (ANZ) released its job advertisements figures on Monday. Job advertisements declined 1.2% in February, after a 0.9% rise in January. January's figure was revised down from a 1.0% rise.
The decrease was mainly driven by a drop in internet job advertisements, which fell by 1.3% in February.
"Growth in job advertising has slowed sharply in recent months. The fall in job ads in February may reflect some caution on behalf of businesses amid heightened financial markets volatility and negative news flow on the global economy. It could also partly reflect the tricky nature of seasonal adjustment at this time of year," the ANZ Chief Economist Warren Hogan noted.
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