realestatebusiness logo
Subscribe to our newsletter SIGN UP

Job advertisements still soft: ANZ

04 August 2009 Reporter

The total number of jobs advertised in the major metropolitan newspapers and on the internet fell by 1.7 per cent in July, the latest ANZ Job Advertisements Series has revealed.

The fall in advertisements follows a 6.7 per cent drop in June.

According to the Series, the total number of advertisements in July was 51.9 per cent lower than 12 months earlier.

In trend terms, the total number of job advertisements fell by 3.5 per cent in July, following a 4.6 per cent fall in June, to be 52.6 per cent lower than 12 months earlier.

According to ANZ head of economics Warren Hogan, the drop in total advertisements represents the fifteenth consecutive monthly decline.

Somewhat encouragingly however, the trend pace of decline in job ads has eased for the past five months, a tentative sign that job ads may soon stabilise and that businesses may stop cutting back on hiring intentions.

However, ANZ still expects employment to contract moderately throughout the rest of 2009, forecasting the unemployment rate to rise to 6.1 per cent when the ABS releases the Labour Force report on Thursday.

Job advertisements still soft: ANZ
lawyersweekly logo
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

Where is the biggest threat to agents in 2019?

3rd party lead generation companies
DIY models discounting sales commission
Prop-tech firms cutting out the agent value proposition
A yet unidentified proper disruptor – like Uber or Airbnb
None of the above. There is no threat.
Do you have an industry update?
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.