Decline in Olivier job index

The Olivier Internet Job Index took a suprising 8.89% decline (seasonally adjusted) in January.

With a forth successive decline and falls in 20th of the 21st sectors surveyed the company attribute this drop to the RBA’s second interest rate rise. Whilst the inevitable bounce back in late January / February has kicked in we still see the employment market as brittle and caution against a further rate rise on the grounds that unemployment will surely rise. Click on the following link to see the full report and how your sector fared.