Job ads up to a four-year high: Pete Wargent

Job ads up to a four-year high: Pete Wargent
Job ads up to a four-year high: Pete Wargent
A strong +1.6 percent increase in job advertisements in June saw year-on-year vacancies rise very strongly by +11 percent to a total of 169,600, according to the Department of Employment.
 
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Job ads up to a four-year high: Pete Wargent
Source: Department of Employment

Total vacancies are now at their highest level in four years, which bodes well for jobs growth picking up. 

Job ads up to a four-year high: Pete Wargent
 
Since the peak of the mining boom June 2012, the share of total vacancies located in Western Australia has declined from 15.6 percent to 7.8 percent. 

On the other hand there has been a huge surge in vacancies in New South Wales over the past three years, up by 37.4 percent in trend terms to a massive 91,400 (a record boom). 
 
Over the past year the percentage growth in vacancies has also been very strong in Victoria, Queensland, South Australia, Tasmania, and the ACT. 

Job ads up to a four-year high: Pete Wargent
 
In trend terms all eight occupation groups are strengthening, and over the year job advertisements were up in 33 of the 37 recorded regions. 
 
The decreases were seen in northern Queensland, Perth, and western Tasmania.
 
 
Job ads up to a four-year high: Pete Wargent
 

The index has its weaknesses, particularly since it doesn't differentiate between full time and part time gigs.

Nevertheless, all in all, this looks pretty good for jobs growth in the second half of 2016.
 

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.

His latest book is Four Green Houses and a Red Hotel.

 

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

Tags: 
Employment Jobs Growth

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