There are fears unemployment could rise as many businesses look to restructure.

Seek's latest report for July shows job ad volumes dropped four percent month-on-month and are 26 percent lower year-on-year. 

They're now just one percent higher than in July 2019 - while applications per job have risen by 11 percent - the highest level on record.

Employers and Manufacturers Association Head of Strategy Alan McDonald told Kate Hawkesby many businesses are looking to cut costs rather than take on more people.

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There are fears unemployment could rise as many businesses look to restructure. 
Seek's latest report for July shows job ad volumes dropped four percent month-on-month and are 26 percent lower year-on-year.  
They're now just one percent higher than in July 2019 - while applications per job have risen by 11 percent - the highest level on record. 
Employers and Manufacturers Association Head of Strategy Alan McDonald told Kate Hawkesby many businesses are looking to cut costs rather than take on more people. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.