The month of October saw a drop in the number of job advertisements in newspapers and on websites across Australia, a development which has come as grave news after two consecutive months of rise in the number. Experts believe that this could be a result of the unstable market conditions. With the drop, the official employment report, which is due for release later this week, seems to be at the risk of revealing a downside.

Also, with the drop in job ads, which implies that there are lesser jobs, the speculations that the central bank will raise its interest rates have also been fueled. As confirmed by the recent Australia and New Zealand Banking Group survey, which was released on Monday, there was 1 1.7% fall in the total number of job advertisements in October, in sharp contrast to a 4.4% rise in September.

Warren Hogan, acting Chief Economist at ANZ, shared, "These results highlight that the recovery of the Australian economy is still vulnerable to setbacks. Indeed, job advertising in newspapers remains less than half of the recent cyclical peak. In the near term, we do not expect to see much improvement in the official labour market statistics".

Although a definite setback in the times when Australia is trying to pull out of the recession, experts are hopeful that these are only temporary figures, the result of an economy which is slowly trying to find its grip again, and will improve with time.