Worst is over for the job market

Next few months may be tough for the job sector with unemployment figures touched nearly 140,000. However, there is little or no possibility of worst cuts given to the signs of improvement in the global economy.
TradeMe Jobs, the biggest online vacancy site of the country, has painted an uncertain picture of job market in coming times through its recently released employment figures.
The site, having 568,000 visits from Kiwi jobseekers last month, has noticed that full time job listing has recorded 30 per cent decline in the first half of the current financial year against second half of 2008.
Jimmy McGee, the head of TradeMe Jobs, said that the site recorded 95 per cent increase in applications per vacancy with completion has been intensifying day by day.
McGee added, "If you're in hospitality or service then you're going to be facing some stiff opposition."
McGee said that construction segment recorded maximum job erosion besides administration and support sector due to global lowdown. However, some occupations have shown salary increase with doctors fetching the maximum average package of $132,401 followed by IT sector.
ASB Bank chief economist Nick Tuffley said, "It's quite interesting how resilient our employment figures have been. I'm hopeful the bulk of the job losses are behind us."


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