Job advertising across Australia fell 7.5 percent for the month of April on a month to month basis, with 136,770 positions offered, Dow Jones reported today.
The data, recorded and reported by ANZ Group, found a monthly 8.1 percent decline in online job advertising, totalling a 49.2 percent annual decrease. Although job advertising in newspapers rose 3.1 percent over last month, the print industry is looking at a 58.9 percent overall annual decline in job advertising.
Warren Hogan, head of ANZ economics, said the number of jobs advertised across Australia has continued to decline. He blamed the decrease on the broad decline in online advertising in general, according to the Dow Jones article, posted by The Australian.
However, newspapers in Tasmania and the Northern Territories both registered strong growths in advertising and New South Wales newspapers saw a 6.9 percent ad increase.
Employment advertising has declined every month for the past 12, and now sits at half the amount it was a year earlier, Dow Jones reported. These advertising figures are expected to be a precursor for the diminution of Australian employment over the next 12 months. Economists expect a 0.2 percent rise in unemployment for April, from 5.7 to 5.9 percent.