Lastest Job Market Snapshot

I have just been reading the latest from the Olivier Job Index report.

With the highs and lows of the past few months, the report has been waiting to see which way the results would go for March, Would the number of Jobs advertised online continue to fall in reflection of an increasingly harsh economic climate, or would they rebound upwards and rise just like interest rates? Instead the numbers have hardly moved with the Olivier Job Index recording just a small increase of 0.73% seasonally adjusted bringing the index to 414.88

The stagnant market in March has not allowed demand to regain any of the ground it lost last month. We have previously reported that the market slows on the back of an interest rate rise, and March was no different with a further rise imposed.

Already, over the last quarter since December, overall demand has fallen 3.76% seasonally adjusted, and this softening in the market and flattened growth seems to have satisfied the RBA that their measures are working allowing them to hold off on another rate rise in April.

 

 

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~ by Rob McClintock on April 10, 2008.

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