WA Job Ads Fall 67% in 16 Months
Apr 6th 2009, 11:05 pm
#1
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Joined: Mar 2009
Posts: 383
WA Job Ads Fall 67% in 16 Months
Story says it all doesnt it, just reporting a story, I hope it bucks up soon.
WA job ads fall 67pc in 16 months
6th April 2009, 10:00 WST
WA newspaper job ads have fallen a massive 67 per cent since November 2007 highlighting the turning tide of the State’s economic fortunes.
The plunge was second only to the country’s other former boom state of Queensland where jobs ads fell 71 per cent over the same period.
The figures were released as part of the national ANZ job advertisement survey, which showed job advertisements on the internet and in newspapers were very weak in March as employers cut back their hiring intentions.
The report noted that WA and Queensland were experiencing a severe contraction in job ads.
ANZ head of economics Warren Hogan said Australia’s two-speed economy was fast disappearing but unfortunately the convergence of state economies appeared to be happening via economic weakness.
Nationally, the survey results pointed to a sustained period of weakness in the labour market this year, with unemployment expected to rise over the next 12 months.
The survey found job ads fell 8.5 per cent to a seasonally adjusted 147,804 ads in March, from February.
The annual decline was 44.6 per cent - the lowest in the history of the survey.
Jobs advertised in major newspapers fell 6.6 per cent in March, after a 25.2 per cent drop in February.
The annual decline was 53 per cent, and the second lowest on record after February's 55.4 per cent year-on-year decline.
“This is approaching the 70 per cent total peak-to-trough decline experienced over the 1990s recession, although this time the adjustment is happening at a quicker pace,” Mr Hogan said.
“In the 1990s, the 70 per cent decline in newspaper job ads occurred over a period of 35 months while the 61 per cent decline experienced so far this time has occurred over 16 months.
“In March, the number of job advertised on the internet fell by 8.6 per cent and by 44 per cent over the year.
“Internet job advertising is the weakest since records began in 2000 having fallen for 11 consecutive months.
“For us, the sustained decline in internet advertising confirms the signals evident in the newspaper series for some time now.
“That is, sharply falling ANZ job ads is consistent with an extended period of labour market weakness that is likely to see the unemployment rate heading higher throughout 2009 and 2010.”
ANZ Economics and Markets Research has revised its growth forecast and expects the Australian economy to contract by one per cent in 2009.
“As a result of these changes to our growth forecast and consistent with the latest ANZ Job Ads results, we now expect the unemployment rate to exceed 8 per cent next year,” Mr Hogan said.
The Australian Bureau of Statistics publishes the March Labour Force report at 9.30am on Thursday.
ANZ economics forecasts total employment to fall by 33,000 in March with the jobless rate to rise to 5.5 from 5.2 per cent in February.
This would take the unemployment rate to a four and-a-half year high.
Newspaper job advertisements were lower in all major states, with NSW experiencing the largest fall of 9.2 per cent, followed by an 8.5 per cent decline in Victoria, and Queensland down by 7.5 per cent.
Advertising in the Northern Territory was 19.2 per cent higher and the ACT experienced a 1.1 per cent rise.
AAP
WA job ads fall 67pc in 16 months
6th April 2009, 10:00 WST
WA newspaper job ads have fallen a massive 67 per cent since November 2007 highlighting the turning tide of the State’s economic fortunes.
The plunge was second only to the country’s other former boom state of Queensland where jobs ads fell 71 per cent over the same period.
The figures were released as part of the national ANZ job advertisement survey, which showed job advertisements on the internet and in newspapers were very weak in March as employers cut back their hiring intentions.
The report noted that WA and Queensland were experiencing a severe contraction in job ads.
ANZ head of economics Warren Hogan said Australia’s two-speed economy was fast disappearing but unfortunately the convergence of state economies appeared to be happening via economic weakness.
Nationally, the survey results pointed to a sustained period of weakness in the labour market this year, with unemployment expected to rise over the next 12 months.
The survey found job ads fell 8.5 per cent to a seasonally adjusted 147,804 ads in March, from February.
The annual decline was 44.6 per cent - the lowest in the history of the survey.
Jobs advertised in major newspapers fell 6.6 per cent in March, after a 25.2 per cent drop in February.
The annual decline was 53 per cent, and the second lowest on record after February's 55.4 per cent year-on-year decline.
“This is approaching the 70 per cent total peak-to-trough decline experienced over the 1990s recession, although this time the adjustment is happening at a quicker pace,” Mr Hogan said.
“In the 1990s, the 70 per cent decline in newspaper job ads occurred over a period of 35 months while the 61 per cent decline experienced so far this time has occurred over 16 months.
“In March, the number of job advertised on the internet fell by 8.6 per cent and by 44 per cent over the year.
“Internet job advertising is the weakest since records began in 2000 having fallen for 11 consecutive months.
“For us, the sustained decline in internet advertising confirms the signals evident in the newspaper series for some time now.
“That is, sharply falling ANZ job ads is consistent with an extended period of labour market weakness that is likely to see the unemployment rate heading higher throughout 2009 and 2010.”
ANZ Economics and Markets Research has revised its growth forecast and expects the Australian economy to contract by one per cent in 2009.
“As a result of these changes to our growth forecast and consistent with the latest ANZ Job Ads results, we now expect the unemployment rate to exceed 8 per cent next year,” Mr Hogan said.
The Australian Bureau of Statistics publishes the March Labour Force report at 9.30am on Thursday.
ANZ economics forecasts total employment to fall by 33,000 in March with the jobless rate to rise to 5.5 from 5.2 per cent in February.
This would take the unemployment rate to a four and-a-half year high.
Newspaper job advertisements were lower in all major states, with NSW experiencing the largest fall of 9.2 per cent, followed by an 8.5 per cent decline in Victoria, and Queensland down by 7.5 per cent.
Advertising in the Northern Territory was 19.2 per cent higher and the ACT experienced a 1.1 per cent rise.
AAP
Apr 7th 2009, 12:41 am
#2
Account Closed
Joined: Apr 2007
Posts: 495
Re: WA Job Ads Fall 67% in 16 Months
Story says it all doesnt it, just reporting a story, I hope it bucks up soon.
WA job ads fall 67pc in 16 months
6th April 2009, 10:00 WST
WA newspaper job ads have fallen a massive 67 per cent since November 2007 highlighting the turning tide of the State’s economic fortunes.
The plunge was second only to the country’s other former boom state of Queensland where jobs ads fell 71 per cent over the same period.
The figures were released as part of the national ANZ job advertisement survey, which showed job advertisements on the internet and in newspapers were very weak in March as employers cut back their hiring intentions.
The report noted that WA and Queensland were experiencing a severe contraction in job ads.
ANZ head of economics Warren Hogan said Australia’s two-speed economy was fast disappearing but unfortunately the convergence of state economies appeared to be happening via economic weakness.
Nationally, the survey results pointed to a sustained period of weakness in the labour market this year, with unemployment expected to rise over the next 12 months.
The survey found job ads fell 8.5 per cent to a seasonally adjusted 147,804 ads in March, from February.
The annual decline was 44.6 per cent - the lowest in the history of the survey.
Jobs advertised in major newspapers fell 6.6 per cent in March, after a 25.2 per cent drop in February.
The annual decline was 53 per cent, and the second lowest on record after February's 55.4 per cent year-on-year decline.
“This is approaching the 70 per cent total peak-to-trough decline experienced over the 1990s recession, although this time the adjustment is happening at a quicker pace,” Mr Hogan said.
“In the 1990s, the 70 per cent decline in newspaper job ads occurred over a period of 35 months while the 61 per cent decline experienced so far this time has occurred over 16 months.
“In March, the number of job advertised on the internet fell by 8.6 per cent and by 44 per cent over the year.
“Internet job advertising is the weakest since records began in 2000 having fallen for 11 consecutive months.
“For us, the sustained decline in internet advertising confirms the signals evident in the newspaper series for some time now.
“That is, sharply falling ANZ job ads is consistent with an extended period of labour market weakness that is likely to see the unemployment rate heading higher throughout 2009 and 2010.”
ANZ Economics and Markets Research has revised its growth forecast and expects the Australian economy to contract by one per cent in 2009.
“As a result of these changes to our growth forecast and consistent with the latest ANZ Job Ads results, we now expect the unemployment rate to exceed 8 per cent next year,” Mr Hogan said.
The Australian Bureau of Statistics publishes the March Labour Force report at 9.30am on Thursday.
ANZ economics forecasts total employment to fall by 33,000 in March with the jobless rate to rise to 5.5 from 5.2 per cent in February.
This would take the unemployment rate to a four and-a-half year high.
Newspaper job advertisements were lower in all major states, with NSW experiencing the largest fall of 9.2 per cent, followed by an 8.5 per cent decline in Victoria, and Queensland down by 7.5 per cent.
Advertising in the Northern Territory was 19.2 per cent higher and the ACT experienced a 1.1 per cent rise.
AAP
WA job ads fall 67pc in 16 months
6th April 2009, 10:00 WST
WA newspaper job ads have fallen a massive 67 per cent since November 2007 highlighting the turning tide of the State’s economic fortunes.
The plunge was second only to the country’s other former boom state of Queensland where jobs ads fell 71 per cent over the same period.
The figures were released as part of the national ANZ job advertisement survey, which showed job advertisements on the internet and in newspapers were very weak in March as employers cut back their hiring intentions.
The report noted that WA and Queensland were experiencing a severe contraction in job ads.
ANZ head of economics Warren Hogan said Australia’s two-speed economy was fast disappearing but unfortunately the convergence of state economies appeared to be happening via economic weakness.
Nationally, the survey results pointed to a sustained period of weakness in the labour market this year, with unemployment expected to rise over the next 12 months.
The survey found job ads fell 8.5 per cent to a seasonally adjusted 147,804 ads in March, from February.
The annual decline was 44.6 per cent - the lowest in the history of the survey.
Jobs advertised in major newspapers fell 6.6 per cent in March, after a 25.2 per cent drop in February.
The annual decline was 53 per cent, and the second lowest on record after February's 55.4 per cent year-on-year decline.
“This is approaching the 70 per cent total peak-to-trough decline experienced over the 1990s recession, although this time the adjustment is happening at a quicker pace,” Mr Hogan said.
“In the 1990s, the 70 per cent decline in newspaper job ads occurred over a period of 35 months while the 61 per cent decline experienced so far this time has occurred over 16 months.
“In March, the number of job advertised on the internet fell by 8.6 per cent and by 44 per cent over the year.
“Internet job advertising is the weakest since records began in 2000 having fallen for 11 consecutive months.
“For us, the sustained decline in internet advertising confirms the signals evident in the newspaper series for some time now.
“That is, sharply falling ANZ job ads is consistent with an extended period of labour market weakness that is likely to see the unemployment rate heading higher throughout 2009 and 2010.”
ANZ Economics and Markets Research has revised its growth forecast and expects the Australian economy to contract by one per cent in 2009.
“As a result of these changes to our growth forecast and consistent with the latest ANZ Job Ads results, we now expect the unemployment rate to exceed 8 per cent next year,” Mr Hogan said.
The Australian Bureau of Statistics publishes the March Labour Force report at 9.30am on Thursday.
ANZ economics forecasts total employment to fall by 33,000 in March with the jobless rate to rise to 5.5 from 5.2 per cent in February.
This would take the unemployment rate to a four and-a-half year high.
Newspaper job advertisements were lower in all major states, with NSW experiencing the largest fall of 9.2 per cent, followed by an 8.5 per cent decline in Victoria, and Queensland down by 7.5 per cent.
Advertising in the Northern Territory was 19.2 per cent higher and the ACT experienced a 1.1 per cent rise.
AAP
Apr 7th 2009, 2:59 am
#3
Recession Surfing 2006 ->
Joined: Sep 2007
Location: Northern Edge of Melbourne
Posts: 1,254
Re: WA Job Ads Fall 67% in 16 Months
To late , I'm in shut the gate all you want 
Albeit on the other side of the country
Albeit on the other side of the country
Last edited by Zambia; Apr 7th 2009 at 2:59 am. Reason: explaining
Apr 7th 2009, 4:01 am
#4
BE Forum Addict
Joined: Aug 2006
Location: WA but NOT Perth!!!!!
Posts: 3,318
Re: WA Job Ads Fall 67% in 16 Months
I know a friend is looking for work and she looked in one of the freebie papers and there was the grand total of ONE job 
Apr 7th 2009, 4:09 am
#5
Guest
Posts: n/a
Re: WA Job Ads Fall 67% in 16 Months
Going from a boom in employment, where the employers couldn't find enough employees, no matter how many adverts they put out there, to a period of having to lay people off, it isn't very surprising that employers have stopped paying out to advertise jobs.
Other threads are saying it is who you know, not what you know, when looking for work, therefore most vacancies may be being filled by those in the know, without the vacancy being advertised.
With WA unemployment now hitting 4.2%, and maybe rising a bit more in the next figures, it isn't a good time for the Job Advertising companies, or those employees that lose their jobs.
Other threads are saying it is who you know, not what you know, when looking for work, therefore most vacancies may be being filled by those in the know, without the vacancy being advertised.
With WA unemployment now hitting 4.2%, and maybe rising a bit more in the next figures, it isn't a good time for the Job Advertising companies, or those employees that lose their jobs.
Apr 7th 2009, 4:53 am
#6
Recession Surfing 2006 ->
Joined: Sep 2007
Location: Northern Edge of Melbourne
Posts: 1,254
Re: WA Job Ads Fall 67% in 16 Months
Going from a boom in employment, where the employers couldn't find enough employees, no matter how many adverts they put out there, to a period of having to lay people off, it isn't very surprising that employers have stopped paying out to advertise jobs.
Other threads are saying it is who you know, not what you know, when looking for work, therefore most vacancies may be being filled by those in the know, without the vacancy being advertised.
With WA unemployment now hitting 4.2%, and maybe rising a bit more in the next figures, it isn't a good time for the Job Advertising companies, or those employees that lose their jobs.
Other threads are saying it is who you know, not what you know, when looking for work, therefore most vacancies may be being filled by those in the know, without the vacancy being advertised.
With WA unemployment now hitting 4.2%, and maybe rising a bit more in the next figures, it isn't a good time for the Job Advertising companies, or those employees that lose their jobs.
Apr 8th 2009, 11:04 pm
#8
Recession Surfing 2006 ->
Joined: Sep 2007
Location: Northern Edge of Melbourne
Posts: 1,254
Re: WA Job Ads Fall 67% in 16 Months
Not to mention in tough times advertising training , interview time all costs.
