Deadly goat plague hits Africa

Deadly goat plague hits Africa

13.09.2008
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Latest Comments:

Yes the unemployment rate is definitely headed upwards. In my company, we are looking at getting rid of many employees. It is just to risky to employ extra staff now that Labor is changing the IR laws.

Posted by: WoW of Perth 3:05pm today

Just because the number of jobs advertised in major newspapers has fallen, doesn't necessarily mean the jobs aren't there! They have probably shifted advertising to online and networking/word of mouth.

Posted by: Random Person of Sydney 2:25pm today

Aussies are very lucky and very picky. Who wants a job? There's at least 6 going at my company now. I'm going for an interview on Friday for a differnt one. My mate took a week to find another role too. Neither of us have uni education. So the number advertised is going down, but its still 267,041 weekly! That's a lot of jobs that need to be filled! It's your choice to be unemployed in Australia.

Posted by: Ben of Sydney 2:10pm today
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THE number of jobs advertised in major newspapers has fallen to its lowest level in more than 14 years, with back-to-back interest rate rises causing a decline in every state and territory, a survey shows.

The ANZ job ads series shows that the total number of website and print advertisements declined by a seasonally adjusted 0.7 per cent in March to a weekly average of 267,041.

The number of jobs advertised in major metropolitan newspapers was down 10.5 per cent in the month to 17,115 a week, which is the lowest number since October 1993.

In NSW, the number of job ads is at its lowest since December 1983.

The number of internet advertised jobs fell 0.1 per cent in March to an average of 249,926 a week.

Demand beginning to wane

ANZ head of Australian economics Tony Pearson said employer demand for new recruits was starting to wane in a very tight labour market.

"This is consistent with other indicators of economic activity which suggest domestic demand is now in the process of moderating under the weight of higher interest rates, lower share prices and heightened concerns over decelerating global growth and global financial strains," he said.

Newspaper job ads fell in every state and territory, with the Northern Territory experiencing the biggest decline of 31.1 per cent and its biggest monthly fall on record.

The data was taken in the same month the Reserve of Bank of Australia raised interest rates for the second month in a row, taking the cash rate to a near 12-year high of 7.25 per cent.

Competition heats up

The SEEK Employment Index, also out today measuring the ratio of new job ads to job applications, fell by an adjusted 2.8 per cent in March.

Biggest falls of the index were in the three eastern states with NSW down 2.9 per cent, Victoria lower 3.6 per cent and Queensland fell 3.4 per cent.

NSW has had the biggest drop over the past year, with 9.8 per cent.

SEEK sales director Joe Powell said March was an unusual month for job searching with Easter falling early this year.

"Our experience year on year is that Easter impacts recruitment activity as many businesses are focussed on getting through their workload in fewer working days, leaving less time for recruiting new staff," Mr Powell said.

Australian labour force data for March is due on Thursday, with economists expecting a slight increase in February`s 33-year low jobless rate of 4 per cent.

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Today`s Top Picks



Font size: +-

Send this article:PrintEmail

Have Your Say

Latest Comments:

Yes the unemployment rate is definitely headed upwards. In my company, we are looking at getting rid of many employees. It is just to risky to employ extra staff now that Labor is changing the IR laws.

Posted by: WoW of Perth 3:05pm today

Just because the number of jobs advertised in major newspapers has fallen, doesn't necessarily mean the jobs aren't there! They have probably shifted advertising to online and networking/word of mouth.

Posted by: Random Person of Sydney 2:25pm today

Aussies are very lucky and very picky. Who wants a job? There's at least 6 going at my company now. I'm going for an interview on Friday for a differnt one. My mate took a week to find another role too. Neither of us have uni education. So the number advertised is going down, but its still 267,041 weekly! That's a lot of jobs that need to be filled! It's your choice to be unemployed in Australia.

Posted by: Ben of Sydney 2:10pm today
Read all 11 comments

We welcome your comments on this story. Comments are submitted for possible publication on the condition that they may be edited. Please provide your full name. We also require a working email address - not for publication, but for verification. The location field is optional.Read our publication guidelines.

Submit your feedback here:

(So you don`t have to retype your details each timeyou send feedback.)

Video

Advertisement

Love & Relationships - Find a date near you on Match.com - # 1 Online Dating site Worldwide.
 
What`s On in Wellington. Visit WellingtonNZ.com
 
Overflowing with benefits Experience life the Platinum Way With American Express Platinum.
 
Kick`n`off the 08 season!The Game is on! Visit the Toyota website and find a great offer.
 
Virgin Mobile Cheap calls & text across Australia.
 
TIC TAC Taste of Music WIN the ultimate music experience 12 double passes to 12 concerts.
 
Get a higher return Earn a high 7.88% p.a.^ on a 3 month Term Deposit with HSBCPremier.
 
Want to be instantly better off? Find the best Health Insurance online now.
 
Visit Business Sense For the latest business news, managerial insights & more.
 
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