Job Ads Fall Sharply Across Australia, Pointing to Slowdown in Hiring
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Job ads on Seek fell 5% in October and 19.9% over the past year, with the biggest drops in Victoria, NSW, and ACT.
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Hospitality saw the largest decline in job ads, followed by design/architecture and retail.
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Job ads are considered an indicator of future employment levels, so the slowdown could point to a big fall in hiring.
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Other big declines were in design/architecture, retail, call centers, advertising/media, and banking/finance.
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Job applications per advertisement rose 4.1% in September, with 81.1% more applicants than a year earlier as people chase fewer openings.