IT&T jobs in free fall: new report

by Stan Beer

Monday, 08 September 2008

Page 1 of 2 ! New employment figures paint a gloomy picture for the Australian IT&T jobs sector with a leading survey showing a precipitous drop in positions on offer in August. According to the survey, IT&T suffered one of the worst falls of all professional sectors last month and has dropped markedly over the last 12 months. Most popular skills tags .NET Active Directory C# Cisco Development HTML Infrastructure Management Network Oracle Project Management SAP SDLC SQL Server Support Sybase TCP/IP Unix VB.NET Web Services/SOAP XML The Olivier Job Index, produced monthly by professional sectors recruiting firm Olivier Group, surveyed 383,750 Positions Vacant ads on commercial job sites in August and analysed them by state and industry sector. The survey found that IT&T positions dropped a worrying 8.28% in August, worse than the hard hit Accounting (8.24%) and Financial Services (7.92%) sectors. Only the Human Resources sector (8.40%) suffered a bigger drop in advertised positions. The set of figures for the past 12 months also gave no cause for cheer, according to Olivier, with IT&T suffering a 14.81% decline in advertised job vacancies. While not as bad as the Financial Services and Banking sector which declined 23.19%, IT&T which had been recovering from an already low base, has been particularly weak this year. According to Robert Olivier, Director of the Olivier Group, there may be some hope that the Reserve Bank's recent interest rate cut could change employer sentiment. “We've observed the effects of 12 interest rate rises over the past seven years,” says Mr Olivier. “When the growth was on they didn't cause much of a pause. We saw an effect when there were two in a row. Now they're headed the other way, we'll be watching our data closely to see the effect of this interest rate drop. This sends a signal to business that the rises have stopped.” CONTINUED page 2 << First page <   1 2 Next page > Last page - Post your comment >>

 

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