Belated happy new ’09. Nice to be back
A bit of a rant and/or speculations re. the news on job ads
a) The 50% + decline in newspaper ads includes the economic slow down factor and the migration to online factor which, if you have seen the Seek investor presentations, is BIG
b) The almost 30% decline in online ads includes the slow down factor, the ‘less-reposting’ factor and to a still small extent, to a ‘migration off classifieds’ factor.
c) If you take a) and b), then the corollary is that the decline in the actual job openings is less dramatic that the ad statistics.
d) There will be more applicants per job ad, but possibly less applications overall (due to lesser volumes of ads). But if you accepted a) and b) then it will not be 50 or even 30% harder to get a job, ceteris paribus
John Sumser wrote about how the media loves the bad news. I encourage everyone not to make our own gloom.
