"Job ads collapse a likely spur to rate cuts." - The Australian Financial Review.
"Job ads point to recession this year." - The Canberra Times.
"Employment ads fall to 'recession levels'" - The Australian.
"Swag of sackings on the way" - Sydney Morning Herald.
It only seems like, well, last year that Australia was in the midst of a "jobs crisis" and a "skills shortage" because of the "aging population" and the retirement of the "baby boomers."
Now thoughts of too many cooks to spoil the broth are being replaced with images of the populous lining up in dole queues each week.
According to the numbers from the ANZ Bank, "The total number of jobs advertised in major metropolitan newspapers and on the internet fell by 9.7% in December to a weekly average of 190,661 per week."
More significantly, "The total number of advertisements in December was 29.9% lower than 12 months earlier."...(continues)...
...it looks like we're geting set for 'reverting' to Mean !!! ( 3 : 1 ratio)
