ANZ expects employment growth to remain relatively moderate in the second half of the year at less than 15,000 per month. The jobless rate should remain within earshot of 6 per cent for much of the next year or so.
Job shedding related to waning resources investment will be a headwind, as will ongoing cost cutting in some industries and expectations of moderate non-mining activity.
The construction industry however, is likely to continue to be a bright spot for job generation.
The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.