Job Ads sharply fall; at recession level ANZ job survey says
Posted on January 11th, 2009 in Aussie jobs, aus, aussie dollar, cent, employment rate, job ads, job ads at recession level, job cutting, micro cap, perth
Job advertisement in major media outlets , including internet had sharply fall for eight consecutive months according to a survey. In fact, the demand for new jobs deteriorated to almost recession level.
The severity of the fall in job advertisements means the Federal Government's forecast of a 5 per cent unemployment rate by June by "too optimistic".
ANZ expects the Government to revise unemployment predictions higher in the May Budget, and tips a jobless rate of 6 per cent this year.
