Jobs For IT Executives Crash 32%
All market sectors were lower, but the volatile IT sector showed the most significant reduction – falling 32 percent from August.
The fall, the largest individual monthly drop since November 2008, reflects the nervousness of companies and the expectation of a potential second GFC, EL says.
Grant Montgomery, MD of executive search firm EL Consult, said the result was the most significant index result for some time. “The level of employment growth also reflects the general malaise in the real world economy at this current point. The Europeans are running for cover, the US has no answers,” he said.
“In September no area was left untouched with falls in every sector and in every single State and territory.”