Australian job advertising falls

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SYDNEY – Australia’s job advertising has continued to decline in October, a survey released Monday by ANZ Bank showed.

The survey showed the number of job advertisements on the internet and in newspapers declined 4.6 percent in October, following a drop of 3.9 percent in September, reported Xinhua.

This was the seventh consecutive monthly decline, the bank said.

Job advertisements are now 15 percent below the levels recorded a year ago, at the lowest level since January 2010.

The number of job advertisements in newspaper fell 4.1 percent in October, while internet job advertisements fell 4.6 percent after falling 3.9 percent in September.

ANZ head of Australian Economics and Property Research Ivan Colhoun said newspaper advertising had been particularly weak, falling 26.9 percent year-on-year, compared with a 14.4 percent fall for online advertising.

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