SYDNEY, Oct 8 (Reuters) - Australian job advertisements innewspapers and on the internet fell 2.8 percent in September, asixth straight month of decline that points to some softening inlabour demand, a survey showed on Monday.
The report by Australia and New Zealand Banking Group
showed total job advertisements fell a seasonallyadjusted 2.8 percent to 151,482 in September, following a 2.4percent drop in August. That was down 10.8 percent from the samemonth last year.
Job ads on the internet fell 2.7 percent to 145,290 inSeptember, from the month before, to stand 10.1 percent lowerfor the year. Newspapers ads dropped 3.6 percent, continuing along-run shift away from newspapers toward internet ads.
"Given the evidence of a mild contraction in labour hiringintentions across Australia, we expect the labour market tocontinue to soften, and for the unemployment rate to drifthigher in coming months," said ANZ's head of Australianeconomics, Ivan Colhoun.
The official report on employment for September is due onThursday, and economists generally expect a slight rise of3,750. The unemployment rate is seen ticking up to 5.3 percent,having been remarkably steady at between 4.9 and 5.3 percent forover two years.
Most economists expect the jobless rate to drift higher incoming months, providing one reason for the Reserve Bank ofAustralia (RBA) to cut rates again.
The central bank trimmed its cash rate a quarter point to3.25 percent last week, and markets are wagering it could easeagain in November.
(Reporting by Wayne Cole)
Keywords: AUSTRALIA ECONOMY/JOBADS