Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Australia job vacancies recover from pandemic shock to hit record

Published 13/01/2021, 02:08
Updated 13/01/2021, 02:10
© Reuters. Office buildings are seen amidst the easing of the coronavirus disease (COVID-19) restrictions in Sydney

© Reuters. Office buildings are seen amidst the easing of the coronavirus disease (COVID-19) restrictions in Sydney

SYDNEY (Reuters) - Australian job vacancies surged in the three months to November to reach an all-time high as the economy opened up from various coronavirus lockdowns, usually a reliable indicator of stronger employment growth ahead.

Data from the Australian Bureau of Statistics (ABS) out on Wednesday showed vacancies jumped by 23.4% in the November quarter, from the August quarter, to reach 254,400.

That was up 12% on a year earlier and a startling comeback from the plunge to 129,200 suffered during the May quarter when lockdowns were at their height.

Vacancies in the private sector climbed 24.2%, from the August quarter, while the public sector saw a rise of almost 17%. The largest gains came in the sectors hardest hit during the pandemic: arts and recreation; accommodation and food and retail trade.

© Reuters. Office buildings are seen amidst the easing of the coronavirus disease (COVID-19) restrictions in Sydney

The surge offers hope the labour market overall can continue its surprisingly brisk recovery, which saw the jobless rate drop to 6.8% in November, from a July peak of 7.5%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.