Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Employment outlook remains bleak

Staff Reporter 1 minute read

The outlook for employment continues to deteriorate but widespread layoffs are not yet on the cards, the Manpower Employment Outlook for the December quarter showed yesterday.

The Outlook, which surveys more than 2,000 employers, revealed the net employment outlook for the fourth quarter was a seasonally adjusted 17 per cent – five points down from September quarter forecasts and 11 points from the year before.

This means just 17 per cent of employers are looking to increase their employee head count in the quarter compared to 28 per cent in the December quarter last year.

The outlook for the Finance, Insurance and Real Estate sector was particularly weak, with net employment expectations declining by seven percentage points over the quarter and 16 points over the year to 17 per cent.

Published: 10-09-08

Advertisement
Advertisement

Related Articles

Unemployment risks rise as job ads fall 08-09-08

Today's other stories



Employment outlook remains bleak
default
TheAdviser logo
default
more from the adviser
expenses Major bank overhauls assessment process

A big four bank has bolstered its assessment team and will priori...

drop rate down Industry reacts to cash rate decision

The Reserve Bank of Australia has announced its decision to leave...

taxes850 Ignorance of extended asset write-off a boon for brokers

More than a third of SMEs are unaware of the extended instant ass...

FROM THE WEB