Today, with the ANZ Job Advertisements series showing substantial gains for the month of February, further evidence came to light that the Australian economy has continued to grow and perform solidly in the post-recession times.

Overall, the total job ads hiked by 19.1% for the month, a figure which managed to more than reverse the 8.1% decline that was recorded for January.

The February data means that total employment advertisements of 159,778 a week are 27.5% more than the seasonal trough recorded during July of last year. Although, the ads have managed to remain 42.6% lower than the all-time peak that was hit in April of 2008.

With newspaper advertisements hiking by 13.1% during February to 9.947 per week, all states managed to report gains except Queensland.

"In the near term, the forward indicators appear positive for more employment growth through the first half of 2010, although probably at a slower pace than seen over the past four months", ANZ chief economist Warren Hogan said.