Not past peak; job ads exceed March high in August

05 September 2022

 

Summary:  Job ads up 2.0% in August; 20.2% higher than August 2021; exceeds March high; July job, participation falls “temporary reversions after rapid improvements” to fall; 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...

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