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PHILIP LASKER: The latest job add figures increase the case for a big interest rate cut.
The Olivier job index for September shows job ads have declined for the fourth month in a row, down 1.1 per cent.
Finance, IT and technology sectors were the worst performers.
The mining boom drove the strength in the engineering sector. Its job ad growth was up by four per cent in September to an annual rate of 36 per cent.
Robert Olivier, the director of the Olivier Group says interest rate pressure is hurting business confidence.
ROBERT OLIVIER, DIRECTOR, OLIVIER GROUP: We were down one per cent last month which may have been saved by the last interest rate fall. But the next one we really do need that to help prop up the market because business confidence is at an all time low.
Source: Lateline Business
