Job ads hardly bet­ter than in the GFC

Port Douglas & Mossman Gazette - - FRONT PAGE -

JOB ad­ver­tise­ments were flat in Septem­ber af­ter a 2.0 per cent de­cline in Au­gust and a 1.1 per cent de­cline in July. This was the first flat (pos­i­tive) print from job ads in seven con­sec­u­tive months, leav­ing ads some 9 per cent lower than in Fe­bru­ary this year. Job ads re­mained 15.2 per cent be­low year-ago lev­els and just 5 per cent higher than the low­est level reached dur­ing the Global Fi­nan­cial Cri­sis. Job ads in NSW, South Aus­tralia, Tas­ma­nia and the North­ern Ter­ri­tory ap­pear to be find­ing a base. Mean­while, job ads in WA, Vic­to­ria, Qld and the ACT are fall­ing. There is con­cern the job ads in­dex is high­light­ing not just that the labour de­mand is still well be­low the highs of 2008, but also that this de­mand was in de­cline since April 2011. Firms have been re­luc­tant to hire and the rea­son we have not seen a more mean­ing­ful dip in to­tal em­ploy­ment is that most are still re­tain­ing, rather than fir­ing, work­ers.

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