Home topics workplace hr-and-staff News Staff News Australians need to be cautious about ANZ job figures David Olsen June 7, 2010 Businesses need to be cautious around job numbers released today by ANZ Bank which suggest growth of 4.3 percent in job advertisements for May. The ANZ Job Advertisements Series shows the total number of jobs advertised across both newspapers and online was 4.3 percent higher in May, but was sharply down when looking at the newspaper category alone. Total job advertisements are 33.8 percent above the lowest point in this cycle (since the GFC) in July last year, but are still 39.8 percent below the all-time high reached in April the year before. Matthew Tukaki, CEO of SansGov and former Head of Drake Australia, warns businesses to be cautious over the job numbers released today in the ANZ Job Advertisements Series. “We have seen a consistent lowering of unemployment forecasts, an increase in the number of jobs advertised and a stabilising of the Australian economy – however, we need to be vigilant when it comes to addressing the problem of high youth unemployment in our regions and a growing sense of underemployment when it comes to those who are working two jobs for less income they were earning when compared to last year” Mr Tukaki said Speaking at a client briefing seminar this afternoon Mr Tukaki said that while the ANZ Bank’s job advertisement series was positive, the concern with underemployment and the after effects of years of financial