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Thursday, 17 September 2020 05:22

Online job ads down in August for first time since April

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Online job ads down in August for first time since April Image by Gerd Altmann from Pixabay

Online jobs on the SEEK employment marketplace fell across the nation by 2.0% in August month-on-month, figures released on Thursday show, with the year-on-year drop a much bigger 29.1%. However, the year-on-year difference was the smallest since the beginning of the cornonavirus pandemic.

This is the first month-on-month decline since April, the company said in a statement, adding that the online job ad market was showing three rates of recovery across the country.

Information and communications technology, human resources and recruitment and banking and finance were the three sectors that showed the best rate of job ad growth, the company said in a statement.

Among the states that performed well were Western Australia, New South Wales and South Australia.

SEEK ANZ managing director Kendra Banks said: "We are seeing three distinct rates of recovery emerge across Australia. The first group are the states that have fully rebounded or have job ad rates comparable to pre-COVID levels – this includes Western Australia, South Australia, Tasmania and the Northern Territory.

seek august one

"The second group are the states that are continuing to recover towards pre-COVID levels, which are Queensland, New South Wales and the Australian Capital Territory.

"Unsurprisingly this leaves Victoria as the state which declined significantly for a second month, where stage four restrictions continue to have a major impact on businesses and hiring.

"The national month-on-month decrease of 2.0% is being driven by the existing restrictions in Victoria which are affecting job ad growth. Excluding Victoria, the rest of Australia saw a 1.8% increase in job ad volumes in August when compared to July.

"NSW and Victoria, the two biggest contributors to the nation's economy, are currently the only states below the national average for year-on-year job ad growth."

seek august two

The month by month growth rate of ads picked up speed for South Australia, Western Australia, the Northern Territory and Tasmania, the figures indicated, showing the correlation between coronavirus cases and job ad growth.

Queensland and the Australian Capital Territory showed ad declines for August but it was Victoria, expectedly, that suffered the most, with a drop of 17.6% in August month-on-month.

The top three states contributing to monthly job ads by volume are Western Australia, New South Wales and South Australia.

"New South Wales job ad volumes growth slowed across August, dropping from 6.3% month-on-month growth in July to 1.7% in August," said Banks. "Queensland and the Australian Capital Territory showed a slight decline after both states had strong growth in July.

"Victoria experienced a further decline in job ads in August, as we continue to see the impact of the lockdown on businesses. However, this is less than the drop Victoria had throughout the country's first wave of COVID-19, which indicates businesses are finding new ways to operate and adapt to the situation."


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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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