Engineering Recruitment, Engineers Recruitment, Engineering Employment, Engineering Professionals, Engineering Jobs, WA, Australia

The ANZ Job Advertisements Series shows the total number of jobs advertised in major metropolitan newspapers and on the internet rose by 1.3% in July, to an average of 171,685 per week (seasonally adjusted). The number of job advertisements in major metropolitan newspapers rose by 1.2% in July following three months of declines. The rise in July’s newspaper advertisements boosted the yearly growth rate to 14.5%. The number of internet job advertisements rose by 1.3% in July. Internet job advertisements are now 37.6% higher than they were a year ago and are growing at their fastest annual pace since November 2007. According to ANZ Chief Economist Warren Hogan “The improvement in Australia's unemployment rate is coming at an early stage in the economic cycle. Australian economic growth is expected to accelerate to above-trend rates in 2011, propelled by strong business investment. This will see the unemployment rate fall further and will likely see capacity constraints in Australia's labour market (such as skills shortages) worsen. This presents significant upside risk to wages and consumer price inflation.

Excerpt from ANZ Media Release (www. anz .com). 9 August 2010

talent torque® notes that the Advantage Job Index records a national drop of 1.3% for July, only the second decrease this year. The July report, due out this week, will give an indication of current trends for Mining and Engineering jobs.