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Online job ads fell by a record 12.6 per cent in January, with financial services hit hardest.

The Olivier Job Index recorded the biggest decline in its eight-year history, reporting there are now just two thirds of the jobs advertised online that there were one year ago.

Financial services jobs suffered a 20.1 per cent fall while human resources fell by 20.1 per cent and advertising and media by 18.3 per cent.

Olivier Group director Bob Olivier notes that January is “the low point of the employment year, and traditionally negative and volatile”. But despite the data being seasonally adjusted, job ads in all sectors declined.

Trades and services jobs were least affected, falling just 0.8 per cent last month, while healthcare job ads declined by 1.8 per cent.

The WA mining boom has “busted” Olivier says, after the State lost 17.1 per cent of its job ads in January. Engineering sector jobs fell by 24.5 per cent, driven by the decline in the mining industry.

On the bright side, Olivier says applicant numbers are up and the calibre is “extremely good”.


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