Job Listings Plummet in Australia and New Zealand

Employment advertising site Seek has reported significant falls in job advertisements in Australia and New Zealand, with the latter is faring far worse. That has driven down the company’s revenues earned by its Australian and New Zealand operations by 8 percent to $840 million over the financial year, as ad volumes fell by 20 percent. Chief executive Ian Narev said he expected paid ad volumes to keep falling in the region this financial year “based on our historical experience of similar conditions.” In Australia, the number of job advertisements in June declined 1.5 percent from May, while the annual figure dropped by 17.1 percent. In New Zealand, month-on-month numbers fell by 8 percent, and the yearly comparison is down by 35 percent....