Job advertisement recovery
Job advertisements increased another 9,100 or 6 per cent in October, according to the Department of Employment, and now sit only 2 per cent lower than a year earlier.
Source: LMIP
This represents a serious recovery over the past six months.
New South Wales and Victoria have absorbed the brunt of the border closures when it comes to job advertisements.
Melbourne was especially hard hit by its lockdown, although Victoria started to record a rebound in job ads in October.
Other states have fared relatively speaking much better, especially Western Australia where job vacancies are 25 per cent higher than a year earlier and at multi-year highs.
Source: LMIP
There was effectively no wages increase in the September quarter, with the wage price index up just 0.1 per cent for the quarter and 1.4 per cent for the year.
More on the wages figures from data king James Foster here.
