Home / World News / Growth in job ads slows, falls in NSW

Growth in job ads slows, falls in NSW

There are signs that the strong post-coronavirus lockdown demand for workers is beginning to slow, although job advertising still remains at elevated levels.

The National Skills Commission says preliminary results for November show job advertisements posted on the internet rose by a slim 0.6 per cent, although at 252,300 ads they still remain at a 13-year high.

With the exception of NSW, job advertising grew in all jurisdictions in November.

In NSW, job ads fell 4.5 per cent but followed extraordinary growth of 38.5 per cent over the previous two months.

“Further, the level of job advertisements in the state remains elevated compared to levels observed prior to the COVID-19 Delta outbreak,” the commission said.

The Australian Bureau of Statistics will release its labour force report for November on Thursday.

Economists expect a marked rebound in the number of people employed after the COVID-19 lockdowns ended in NSW, Victoria and the ACT.

Forecasts point to a large 200,000 employment increase in November, although this would still be short of the 378,000 employment positions lost during the September quarter when the lockdowns were at their height.

The unemployment rate is expected to fall to five per cent after the unexpected spike to 5.2 per cent in October.

“Things are looking up for Australia’s economy into next year,” Treasurer Josh Frydenberg told ABC television.

“There is a lot of positive economic data that shows we are are heading in the right direction, but there’s certainly no room for complacency.”

Shadow treasurer Jim Chalmers said uncertain times continue after the “deep and damaging” downturn in the September quarter.

“This time last year and in the May budget the treasurer was saying the economy was prepared for lift off and it was about to come roaring back,” Dr Chalmers told Sky News.

“Instead we had the the third biggest downturn in the history of the national accounts.”

About brandsauthority

Check Also

Big Bash League: Aaron Hardie gets Optus Stadium pumping with hanger for Perth Scorchers

Optus Stadium has erupted as Aaron Hardie clutched a hanger worthy of the AFL early …

%d bloggers like this: