“Other worrying signs” mar otherwise positive job ads report

03 August 2020

 

Summary:  Job ads increase significantly in July; gains slowed in second half of month; “other worrying signs”; “10% of businesses to close, 13% to reduce workforce” once government programmes cease.   From mid-2017 onwards, year-on-year growth rates in the total number of Australian job advertisements consistently exceeded 10%. That was until mid-2018 when the annual growth rate fell back markedly. 2019 was notable for its reduced employment advertising and this...

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