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EMPLOYER CONFIDENCE IN AUSTRALIA AT 5 YEAR LOW: SURVEY.
SYDNEY, Oct 1 Asia Pulse - Australian employer confidence has hit a five year low as they work out what impact global economic instability will have on their businesses, a survey says.
Employers are less inclined to hire permanent staff now than they were at the start of 2008 when employer confidence was at a record high, a survey of 7,200 hiring managers says.
The proportion of employers intending to increase their permanent staffing levels in the three months to December 31 fell 7.8 percentage points to 33 per cent, compared to the previous quarter, according to the survey by recruiting firm Hudson.
Managing Director of Hudson Australia and New Zealand, Gary Lazzarotto, said it was "the lowest level of confidence recorded in five years".
"Businesses appear to be moving into a holding pattern until they have a clear vision of what's ahead," he said in a statement.
"It's important to remember the Australian employment market was reporting record high levels of confidence this time last year, so ...
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Source: HighBeam Research, EMPLOYER CONFIDENCE IN AUSTRALIA AT 5 YEAR LOW: SURVEY.