The Olivier Job Index recorded another fall in online jobs in May with a 4.32% decline, seasonally adjusted. On an annualised basis job advertisements are down 51.9% compared to May 2007.Signs that the downturn in recruitment may be bottoming, include:
The rate of decline is decreasing – this month's fall is a big improvement on the 7.43% fall in April, which, in turn, was a significant improvement on May when ads fell 12.51%.
Whilst the number of permanent opportunities fell, the number of temporary and contract vacancies actually rose 5.9% in May.
The number of adverts counted between week one and week four in May rose.
Sectors that have most improved in May include Accounting, Sales & Marketing (including retail) and IT&T.
Courtesy of Six Figures International Pty Ltd
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