Job Ads

Job Ads seem to be surging at the moment. ANZ Job Ad survey figures from December indicate that advertisements in December rose to their highest level in 31 months with a 6% lift after a rise of 5.2% in November giving a good indication that the recovery is likely to be sustained.

Expectations for labour figures on Thursday are for an increase in numbers employed by 10,000 although ANZ have expectations for a 30,000 increase.

A big increase will put serious pressure on the RBA to continue hiking rates.