Has Australia’s IT job market hit bottom?

The optimistic interpretation of the latest Olivier Job Index information technology figures says while the number of job ads continues to fall – the rate at which job ad numbers are falling has slowed. In other words, things are getting worse, but not dramatically so.

Robert Olivier says things are stabilizing.

The Olivier Job Index measures the number of advertised job. In June the number of tech jobs fell 1.9 percent from May. They were down almost 57 percent from the same time a year ago. Both numbers represent a faster decline for tech jobs than for the overall job market.

According to a report last week in The Australian (Tech employment pool drying up (story no longer online) by Jennifer Foreshew) only 16 percent of senior managers in Australian corporations expect to hire staff in the next 12 months and about a third intend to reduce their headcount. Foreshew spoke to a number of companies who made similar comments about a lack of new work.

Official figures issued by Australia’s Department of Education, Employment and Workplace Relations (DEEWR) on Friday say the number of IT professional job vacancies dropped 7.5 percent in June compared with May. Year-on-year the total number of jobs declined by 63 percent.

New Zealand IT positive

A report in today’s Computerworld New Zealand (New Hudson survey shows IT more positive by David Watson) draws on quarterly figures from the recruitment firm Hudson. It says a net 16.4 percent of employers intend to increase permanent staffing levels in the June to September quarter. That’s up from the previous quarter’s 7.7 percent figure.