The number of jobs advertised around Australia has reached its highest level in five months, but economists expect the unemployment rate to keep rising.

The latest ANZ Job Advertisements Series found that job ads online and in newspapers rose by 3 per cent last month, with the biggest increases in Queensland then New South Wales.

It is the best result since October last year.

The biggest fall in job ads was recorded in Victoria, with hiring intentions also slipping in the Northern Territory and Western Australia.

ANZ's head of Australian economics, Ivan Colhoun, says the increasing number of job ads is a sign that the job market is stabilising.

But he is warning that it will not prevent unemployment levels rising.

"The labour market's probably a bit softer than 5.4 per cent suggests," he said.

"There's people who would like to work more hours or would like full-time jobs and can't get them, but we're thinking it will probably drift up towards 5.75 per cent around the middle of this year."

The survey also found that the Northern Territory has Australia's strongest jobs market at the moment, with large new gas projects hiring more workers.

Mr Colhoun says 96 per cent of the job ads tracked in the survey now are published online.

He says the move by Fairfax Media to publish its Melbourne and Sydney newspapers as tabloids will make little difference to that trend.

"Only 4 per cent is in newspapers," he confirmed.

"It's not a very large part of the jobs markets anymore, but I would be surprised if because they went from a broadsheet to a narrower sheet, that meant they would carry less job ads or that they'd carry more."

 

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