The outlook is bleak for the IT sector, with demand for executives falling two months in a row as the national economy struggles to gain traction.
The demand for executive rose modestly in July in most industry sectors, but the IT industry missed out, recording an 18% retraction, according to the latest executive employment index.
There is continuing weak job demand for executives in the technology sector, although signs are emerging of an upward trend in executive employment prospects across all industry sectors despite a fall in demand last month.
Uncertainty about taxation changes as the Federal budget deficit continues to balloon is affecting the Australian executive job market, according to figures released today.
The IT sector is a bright light amidst the gloomy picture of the current executive job market in Australia, with the demand for IT and executives increasing in August, bucking the trend in other business and industry sectors which suffered significant falls.
A surge in demand for Australian senior executives has pushed one national job index to its biggest monthly gain in 12 months, with Victoria and New South Wales outperforming the two big resources states of Western Australia and Queensland, and with IT one of the best performing sectors.
The mining and resources boom continues to fuel Australia's economy and a by-product of the growth in the sector has been the generation of a high demand for engineers and technology executives.
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