"Australia’s unemployment rate currently sits at 4.1 per cent and banking giant Westpac expects it to rise to 4.5 per cent by the middle of next year. The lower job ad numbers hit SEEK’s bottom line hard, with the company reporting a 17 per cent fall in revenues to $1.16bn from the prior year and a $101m loss. “SEEK’s headline financial outcomes for the year were impacted by a significant reduction in job ad volumes across APAC relative to previous record highs and the impairment of our investment in Zhaopin,” Mr Narev said."
