another nail in the coffin, page-8

You really need unemplyment to rise substantially before we head into a recession, its slowly turning but dont know how far it will go.

Once unemployment rises too much they will start dropping rates, the question will be if they lower rates early enough as to whether we get a recession or not.
Many are saying the last rate rise may push us into recession but i dont think so, we are treading on a fine line now though imo


Job advertisements up 3.1pc in April - ANZ Bank
11:49, Monday, 5 May 2008

Sydney - Monday - May 5: (RWE Aust Business News) - Job
advertisements increased by 3.1 per cent in April to an average of
275,390 per week, the ANZ Bank said.
This follows a 0.7pc fall in March. The total number of
advertisements in April is 20.8pc higher than 12 months ago.
Looking at the different channels for advertising jobs, the
number of job advertisements in major metropolitan newspapers rose by
16.5pc in April to an average of 19,934 per week.
This followed a 10.5pc drop in March. However in trend terms, the
number of newspaper job advertisements fell by 1.3pc, to be 7.7pc lower
than a year ago.
The recovery in newspaper job advertisements in April was
reflected in every state. New South Wales (6.2pc), Victoria (10.9pc),
Queensland (13.4pc), South Australia (14.7pc), Western Australia (4.2pc),
Tasmania (10.6pc), The Northern Territory (39.1pc) and the Australian
Capital Territory (0.4pc) all experienced increases.
Queensland's rise was the largest monthly increase since April
2002.
The number of internet job advertisements increased by 2.2pc in
April to average 255,456 per week. In trend terms, internet job
advertisements increased by 0.4pc to be 20.0pc higher than a year ago.
"The increase in job advertisements in April follows two months
of declines," ANZ deputy chief eEconomist, Tony Pearson, said.
"In broad terms the total number of job advertisements is now
back to the levels of January this year, pointing to a plateauing of job
advertisements in the early months of 2008 after consistent growth
through 2007.
"This slowing in momentum is supported by trend data, which show
a slowing in the trend rate of growth over the past five months. We would
expect this to foreshadow a slowdown in the monthly trend rate of growth
in employment.
"This is consistent with other partial economic indicators which
show a cooling in business activity in the first months of this year,
including retail sales, consumer confidence, housing finance approvals
and housing construction approvals. The evidence that tighter financial
conditions are acting to moderate domestic demand is mounting. The
continuing uncertainty about the global economic outlook and the ongoing
difficulties in the global financial system would also be factors. In
this more difficult business environment it is not surprising that
business is becoming a little more cautious about taking on new workers.
"The softening in trend job advertisements is widespread. Job
advertisements are now trending down in all states and territories except
Victoria."