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(CEP News) - Continuing a downward trend, job advertisements in major metropolitan newspapers and on the internet in Australia declined by 1.4% in September, following the 4.3% fall August. This amounts to a weekly average of 245,734 ads per week, according to ANZ Economics and Markets Research.
Since September 2007, the total number of advertisements is 2.2% lower. "The weakness in job advertisements has been concentrated in recent months, although the rate of decline has stabilised somewhat in September," noted ANZ Head of Australian Economics Warren Hogan. "The latest result indicates that hiring intentions continue to soften through the second half of 2008 and eventually this will show up as a weakening of employment growth and a rise in the unemployment rate." Newspaper ads saw a decrease of 0.7%, following a 4.0% decrease seen in August, and are 24.9% lower than newspaper ads in September 2007. Internet job ads also fell, by 1.5% in August for an average of 230,529 per week, down from the peak of 255,456 reached in April. Internet ads are now just 0.3% higher compared to one year ago. By Stephen Huebl,
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