The number of jobs advertised on the Internet flattened out in April, hit by the Easter holiday break, interest rate uncertainty and this week's federal budget.
IT&T job ads rose a mere 0.48 per cent in the April Olivier Internet Job Index, falling from its historic high in March.
But while jobs aimed at graduates were flat they were still triple what they were a year ago, reflecting the skills shortage.
Olivier Group director Robert Olivier said a dip in the first two weeks in April pulled the Index back into negative territory to show a seasonally adjusted decline of 3.22 percent overall.
"Mixed signals are starting to hurt the confidence of employers," Olivier said.
"When the federal budget is behind them next week another of the uncertainties that is plaguing the market will be removed, too.
"With 147,278 ads on job boards during the month, we're still at a very high level despite the degree of nervousness in the economy."
Nonetheless the Olivier Internet Job Index has peaked and flattened.
In raw terms there were 36,570 more job ads in the 12 months but just 4334 were added in the past three months.