Job ads increase in June; demand for labour still outpacing supply

04 July 2022

 

Summary:  Job ads up 1.4% in May; 18.4% higher than same month in 2021; labour demand still outpacing supply; suggests underutilisation will keep falling; ads-to-workforce ratio steady at 1.7%. 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. 2019 was notable for its reduced employment advertising and this trend continued...

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