There were 4759 fewer jobs advertised online in the IT&T sector in May than in April, according to results from the Olivier Internet Job Index released yesterday.
The IT&T sector's continuing decline, a drop of 16.7 per cent, resulted in an overall drop of 2.75 per cent in Australian job advertisements ; those in the non-IT&T sector increased by 2418.
"The rest of the economy just couldn't lift the IT&T sector's performance, and that was before the One.Tel collapse," Robert Olivier, a director of Olivier Recruitment Group said.
Olivier said the last few months has provided mixed signals about the state of the economy, but the figures from the IJI show the outlook this year is much better than it was in the last three months of 2000.
Olivier claims the graph for this year has had its ups and downs, but still compares well to the job plummet at the end of last year.
"Except for the IT&T sector, our graph would have swung back into positive territory last month," he said.
"What we can't calculate yet is the effect of the collapse of One.Tel on jobs in the telecommunications industry."