Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Monday, 30 May 2016

Jobs ads trickle higher

Jobs ads levitate

The Department of Employment job advertisements series showed a solid +2.8 per cent increase in April 2016.

In trend terms, vacancies have improved by 5.9 per cent in the year to April 2016.

Trend vacancies are now 18 per cent higher than at the October 2013 low point.

Although things are moving steadily in the right direction, seen in the broader context the recovery in the labour market has been a slow process. 

The recovery has been driven by New South Wales, where vacancies have jumped to 65,810 to be 13.6 per cent higher than a year ago, and Victoria, where 45,044 vacancies represent an 8.3 per cent year-on-year improvement.

At the other end of the spectrum, vacancies have declined by 16.1 per cent in Western Australia. 

Source: Department of Employment