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Wednesday, 23 December 2020

Job ads soar over the year to November

Jobs ads rise again

Another really positive data point from the Department of Employment, with job advertisements increasing another 8 per cent in November to 169,900.

In Queensland ads were some 5,200 higher than a year earlier, and indeed all of the main states have recorded substantial increases.

Source: LMIP

Job advertisements have now ricocheted higher for 7 consecutive months.

Western Australia is benefitting greatly from its control of the virus and booming iron ore prices, which touched fresh 9-year highs this week. 

Overall, strong signs for hiring which can help to push the unemployment rate down into a normal range by the first quarter of 2021.