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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.