As financial crisis hits, Australia’s job ads fall
Posted on December 08th, 2008 in aus, aussie dollar, Aussie finance, australia advertisement, cent, job ads, micro cap, perth
JOB advertisements on the internet and in newspapers fell for the seventh consecutive month in November as the global financial crisis hit the labour market, a survey says.
ANZ head of economics Warren Hogan said the global financial crisis was affecting the Australian labour market.
“As a leading indicator of economic conditions in Australia, the latest job advertisements data suggest the global financial crisis has had a substantial impact on the Australian economy in the December quarter,” he said.
