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Fall In Job Advertisements for 2009 - ANZ Survey

The extended impact of the financial crisis of 2008 is now upon us. The media is today flooded with news of falls in the rate of job advertisements. The question is, are these job "cut-backs" necessary; how long will they last; and what are the ramifications for the wider economy.

Following is an except from The Age's Chris Zappone as cited on Monday 12 January 2009:

Job ads at recession level

Chris Zappone January 12, 2009 - 11:30AM

The number of jobs advertised dropped by nearly a third last year, putting the number of new positions added by businesses at "recession levels."

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