The Australia and New Zealand Banking Group Limited (ANZ) released its job advertisements figures on Monday. Job advertisements climbed 2.4% in May, after a 0.6% fall in April. April's figure was revised up from a 0.8% drop.

The increase was mainly driven by a rise in internet job advertisements, which rose by 2.6% in May.

"After six months of broadly flat job ads, the strong rise in ads in May is encouraging. Despite some ongoing headwinds, the economy is tracking along quite well and the transition to nonmining activity is occurring," the ANZ Head of Australian Economics Felicity Emmett noted.