WorldCom's troubles and the subsequent uncertainty they created may have had an impact on the information and technology sector in Australia, which dropped 1.9 per cent in the latest Internet job advertisement index.
According to recruitment group Olivier's Internet Job Index, Internet job ads were down in June, by 1.4 per cent, but optimism remained strong in the local market.
Olivier director Robert Olivier said the fall could be a consolidation of the growth seen in employment through 2002.
"There is optimism in the local market -- our clients are quite active, and there's pent-up demand from people who want to find new roles," Olivier said.
However, the financial troubles of some big American companies could have some repercussions locally, he said.
"We're already seeing some flashing lights on the dashboard of the local economy that you can't attribute to international economics," Olivier said. The overall drop in the index came in the final two weeks of June, he said.
"It may be that hiring intentions were on hold as businesses focused on the end of the financial year, or possibly World Cup fever," he said.