Australian executive employment has had its equal biggest fall in 12 months as banks continue to block business lending and economic growth sputters - but despite the plunge across other sectors, the IT sector was a “standout winner” for the month, following on from two months of sizeable falls, according to a new employment report.
Changes to bank lending rules by “commercially inept” government regulators is killing Australia’s engine room - the small business sector - according to the chief of recruitment firm EL Consult.
Demand for executives in the ICT sector in July dropped 3%, unable to continue from its small gain of the previous month, as executive employment across all business and industry sectors plunged for the sixth month in a row.
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