Monday, 11 April 2022

Job ads rise again; highest since 2008

Jobs ads at 14-year high

Job advertisements increased by another +10,200 or +3.7 per cent to 282,400 in March, which is the highest level since all the way back July 2008.

Ads are now 68 per cent above their pre-COVID levels, according to the Skills Commission.

The back series underscores the power of the economic recovery in Australia. 


All Australian states and territories were in positive territory over the month, and indeed over the year. 


Election push

There's a decent chance we see an unemployment rate reported with a '3' in front on it on Thursday (or if not, by next month, just before the Federal Election on May 21).

The median market forecast is for the national unemployment rate to tick down a notch on Thursday from 4.0 per cent to 3.9 per cent. 

Not that the Leader of the Opposition would know, apparently, after today's election car crash presser :o)

40 more days of this to go, ugh...