Job ad numbers sign of labour demand resilience in January

07 February 2022

 

Summary:  Job ads down 0.3% in January; 27.3% higher than same month in 2021; Omicron cases no hindrance to usual post-New Year rebound; ANZ expects job-switching rate to rise, may not have seen advertising peak yet; ads-to-workforce ratio steady at 1.5%. From mid-2017 onwards, year-on-year growth rates in the total number of Australian job advertisements consistently exceeded 10%. That was until mid-2018 when the annual growth rate fell back markedly....

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