Job ads peaked in June
Job advertisements have peaked and looked to be rolling over in June, according to the Department of Employment's latest figures.
Source: LMIP
Victoria drove the decline with a 5 per cent fall in June, although to the extent this means that positions are actually being filled this may be a good thing.
New South Wales looks to be opting for a long lockdown so will almost certainly follow suit over the months ahead.
Job ads are 44 per cent above pre-COVID levels, so a decline was probably due at some point, but the strong recovery narrative is looking much shakier with Australia's most famous economic hub effectively closing up for business now.
