Renewed demand for workers and a signal of improved Australian economic activity later this year have provided some encouraging signs at a time of a deteriorating global economy.
But Wednesday's new figures came as Reserve Bank governor Philip Lowe reportedly warned the trade war between the US and China poses the single greatest threat to the global economy.
Federal employment department data showed job advertising on the internet rose for the first time in seven months, although demand in the nation's biggest state, NSW, continued to nose-dive.
Job ads overall rose 0.4 per cent in July, but remained 5.5 per cent lower over the year.
"The latest data is encouraging, suggesting that the economy is starting to shed the pre-election weakness," Commonwealth Securities chief economist Craig James said.
However, the once powerhouse of the labour market, NSW, job ads fell by 0.8 per cent to be 11.7 per cent down on a year earlier.
It was the only jurisdiction to show a decline in the month.
In contrast, Tasmania showed the strongest growth, rising by 1.5 per cent in July to be 13.2 per cent higher on the year - an eight year high.
Separately, the Westpac-Melbourne Institute leading index for July, which indicates the likely pace of economic activity three to nine months in the future, posted its first positive reading since November last year.
It suggests that economic growth could accelerate above what is considered to be the trend rate of 2.75 per cent in the final months of 2019 and well into 2020.
As of March, annual growth was running at just 1.8 per cent.
However, Westpac chief economist Bill Evans is not convinced such a turnaround is on the cards at this stage.
He expects an improving housing market, tax cuts and lower interest rates are likely to boost momentum but fall short of 2.75 per cent.
"Developments so far in August around the share market, commodity prices and the inversion of the yield curve (a signal of an economic downturn) point to a likely softer August reading for the index," Mr Evans said.
He still expects the Reserve Bank will cut the official cash rate to 0.75 per cent from one per cent at the October central bank board meeting.
"With global economic conditions deteriorating and progress towards a lower unemployment rate and a lift in wages growth seeming to be stalling, the case for another rate cut in the near future is strong," Mr Evans said.
Meanwhile, Dr Lowe reportedly told a business event in Sydney this week, US-China trade tensions are harming global investment, wages and economic growth.
"I do not have a clear idea of what strategy the US has," Dr Lowe said, according to Nine newspapers, citing sources who attended the meeting.
"(Some people in the US) say that it is time for 'Team West' to muscle up against China and that is very worrying."
Australian Associated Press