Job ads post fourth consecutive rise

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The labour market is on the upswing, with a new survey showing a rise in job advertising in November.

The ANZ Job Ads survey showed a 1.3% seasonally adjusted rise in job advertisements for November. The result marks four consecutive rises for the survey.

The bank said unemployment was expected to "broadly track sideways" around the 6% mark until later in 2016.

"We see jobs growth slowing in 2016 as the boost from strong property market activity and the lower currency begins to wane. There is a risk, however, that job ads are signalling that employment growth could remain relatively strong for some time yet and the unemployment rate could decline a little,” ANZ co-head of Australian economics Felicity Emmett said.

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