Job market decline continues

The number of jobs advertised in Australia's major metropolitan newspapers fell by 1.7 per cent last month, the lowest since January 1997.

ANZ Banking Group said the fall in its job advertisements series more than reversed May's 1.1 per cent increase, leaving ads at a weekly average of 19,262 in June.

This is the lowest since 1997; the weekly average is 34.2 per cent below the level of June last year.

Weakness in the level of job advertising was concentrated in New South Wales, where the number of ads dropped by 4.8 per cent, compared with a 0.2 per cent rise across the rest of Australia.

Compounding the June drop-off in newspaper job ads was a 1.5 per cent fall in the number of jobs advertised on six Internet sites monitored by ANZ which marks the fourth consecutive decline in Internet job advertising this year. Internet jobs are at their lowest level since March 2000.

-- AAP

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