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1.Market Observations

18 Jan 2013 (AFR) – Business cuts staff hours at fastest rate since GFC

(18 Jan 2013, AFR, p4, Jacob Greber)

‘Businesses are fighting against weakness in the economy by cutting employees’ hours at the fastest pace since the global financial crisis.’

‘Employment figures for December, released on Thursday, showed the number of jobs in the economy fell by 5500 and the jobless rate nudged up to 5.4 per cent from 5.3 per cent.’

Read more at AFR.com (might need AFR login access – try registering for free at afr.com/summer)

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