This is a sign of caution on the part of employers when hiring new staff. “Jobs growth is clearly continuing, but at 0. 9 per cent it’s not strong enough to bring the unemployment rate down and so it’s been stuck in the 5. 8 to 6. 0 per cent range for 9 months now. “The good news though is that leading labour market indicators such as ANZ job ads and the hiring component of the NAB business survey point to stronger employment growth ahead.
Read more here: SMH