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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