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.

Job advertisements halve

Staff Reporter 1 minute read

The number of jobs advertised in Australia halved in the year ending April, suggesting a sharp rise in unemployment is on the horizon.

Total job advertisements fell by 7.5 per cent in April, according to ANZ, taking the annual fall to 49.9 per cent and representing the twelfth consecutive month of decline in the past year.

Warren Hogan, ANZ head of Australian economics, said the result suggested total unemployment in Australia would contract over the year ahead.

“There can be little doubt that these numbers are consistent with the forecast of an unemployment rate rising above 7 per cent in the next 12 to 18 months and most likely peaking at a rate above 8 per cent in this current cycle.”

ANZ’s official forecast is for unemployment to peak at around 8.25 per cent in 2010.

 

Job advertisements halve
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Michael Russell MoneyQuest Brokerage head calls out ‘unacceptable’ turnaround delays

It is “unacceptable” that turnaround times in branches can be...

gentlmen handshake Ex-Time Home Loans director partners with AFG

The aggregator has partnered with former Time Home Loans director...

farmer ta 34% of farmers eyeing raised business investment

Roughly one-third of Australian farmers expect to increase their ...