SEEK sees job ad green shoots

Thursday 28 November 2013

JOBS website SEEK says it has experienced a slight increase in advertisements in the past few months, which could see it deliver a stronger than expected earnings result this financial year.

SEEK had been experiencing a flat to gentle decline in the number of job ads posted on its websites each month leading up to the end of June 2013.

But chief executive Andrew Bassat said the company had recorded an improvement in recent months.

“Based on the first four months of the financial year, we are observing improving trends with flat to gentle increases in ad volumes on a month-on-month basis,” he said.

No time to party but improvement is improvement.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.