03.08.202006:39:00UTC+00Australia Job Ads Rise At A Softer Pace In July

Australia's job advertisement increased at a softer pace in July, data from ANZ showed Monday.

Job ads increased 16.7 percent month-on-month in July, following a 41.4 percent rise in June.

However, job advertisements decreased by 34 percent annually in July. Job ads remained below 30 percent since February.

"The second wave of COVID-19 cases and return to Stage 3 restrictions in Melbourne and the Mitchell Shire have undoubtedly weighed on the recovery in labor demand so far," ANZ Senior Economist Catherine Birch said.

"Payroll jobs turned down in early July and some industries that were less affected earlier in the pandemic, such as construction and professional services, may now be suffering lagged impacts," Birch added.