Market Update - March / April 2024

Market Observations:

• Australia wide, in the last quarter flexible job vacancies (e.g. contracts) fell 14.7%, while permanent roles fell 1.4% (RCSA)
  

• NSW has had a year-on-year decline of 30.2%, job advertising volumes are the worst of all states and territories (Seek)
  

• A market turnaround could be triggered through the expected interest rate cuts, which should in-turn increase business confidence.