Overall, the economy is not healthy. The DEEWR’s Leading Indicator of Employment has fallen for the seventeenth consecutive month.  

Manpower’s latest survey also paints a pretty bleak picture of employers’ sentiment, with the index heading to negative territory.

The latest Skill Vacancy Index , which monitors the number of job vacancies advertised on newspapers, is down by 62.6% from last year. Likewise the new Internet Vacancy Index (now aggregating data from SEEK, MyCareer, CareerOne and Australian JobSearch) is down by 7.7%.  Read more...

Of course, these are hard times. The RBA has slashed interest rate to 3.00% (50 year low) and is on the verge of officially declaring recession in Australia.

Employers confidence has taken a beating. Hudson’s latest report revealed only 18.6% of employers intend to hire new staff, while a corresponding 17.8% will decrease headcount, resulting in a net effect of 0.8%. A similar report by Manpower also found employment outlook to be grim with only 17% of employers intending to increase headcount while 16% forecast a decrease.  Read more...