Job ads continued to cool in April

Job ads still normalising

Job advertisements fell by -5.7 per cent in New South Wales in April, by -4.1 per cent in Victoria, by -3.1 per cent in Queensland, and by -3.8 per cent in Western Australia, according to SEEK's latest monthly update.

There were also significant declines in South Australia, Tasmania, the NT, and the ACT. 

Of course, ads are falling back to earth from previously highly elevated levels. 

Source: SEEK

Over the past year job advertisements have dropped by more than -24 per cent in the two most heavily populated states of New South Wales and Victoria.

At the industry level job ads are down by a third in IT, and by a fifth in hospitality and tourism, retail, accounting, and administration and office support. 

Source: SEEK

While this isn't yet exactly a disaster, applications per job advertisement are naturally rocketing higher, and wages growth is evidently rolling over. 

As with the weak retail figures - which have been declining over the past year in volume terms - these figures are further evidence that the current policy settings are contractionary, and are generally doing their job (with no pun there intended). 

I've been over in Perth this week, and while house building is picking up, there are seemingly very few apartment projects moving ahead, while office vacancies are readily apparent.

---

P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:

1. Boom or Bust – 20 minute online workshop for investors

Register for my next free online training - Boom or Bust? How to change your investment plan - book in here

You also download a free copy of my e-book The Only 6 Ways to Become Wealthy here.

    2. Download our property buying guide

Download our free property buying guide here. 

You can also check out a few of our recent property investment purchases here. 

Get in contact with us today if strategic property investment is your thing. 

    3. Subscribe to our Top 10 Podcasts for Investors

Listen in to our podcasts

The Australian Property Podcast is rapidly becoming one of Australia's biggest business podcasts, now with over 32,000 unique listeners per month.

And our popular Low Rates High Returns Show also remains available on Spotify.

    4. Subscribe for my free daily blog

Subscribe for my free daily blog with over 3.6 million hits here. 

You can also catch up with me daily on Twitter here, where I'm active daily and have over 13,900 followers. 

By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books here.

My new book, co-authored with Cate Bakos is available to pre-order here or on Amazon here. 

5. Work with me privately

For a limited time you can book in a free diagnosis call with me here, so book in a call today.