Australian online job ads continue to fall. Total online advertisements are now almost unchanged from a year ago. In early 2018, they had been increasing at an annual rate of more than 10%. In the past, declining job ads has usually coincided with a lift in Australian unemployment. That’s not happened on this occasion — yet. Australia’s official jobs report for November will be released on Thursday. Australian online job ads continue to fall, creating doubt about the pace of hiring in the early pasts of 2019. According to the Australian Government’s Internet Vacancy Index (IVI), online advertisements fell by 0.1% to 180,500 in November. The IVI has now declined or held steady for eight consecutive months, seeing growth in openings over the past 12 months slow to just 0.4%. Earlier this year, vacancies were growing at an annual pace of over 11%. The IVI is based on a count of online job advertisements newly lodged on SEEK, CareerOne and Australian JobSearch during a particular month. The government says it does not reflect the total number of job openings in the labour market as it does not include jobs advertised through other online job boards, employer websites, word of mouth,… Read full this story
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