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Growth

Job advertisements suffer steep decline

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The Adviser

The total number of jobs advertised in the major metropolitan newspapers and on the internet fell by 6.7 per cent in June, the latest ANZ Job Advertisements Series has revealed.

The fall in advertisements follows a 0.2 per cent drop in May.

According to the Series, the total number of advertisements in June was 51.4 per cent lower than 12 months earlier.

In trend terms, the total number of job advertisements fell by 4.5 per cent in June to be 52.1 per cent lower than 12 months earlier.

The number of internet job advertisements fell by 7.2 per cent to average 119,154 per week.

Internet job advertising is now down 51.5 per cent over the past year, the weakest annual reading since the series began in 1998.

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