Jobs

Total advertisements for jobs in Australia on the internet and in newspapers increased to 179,040 per week in October, 35% higher than last October when 133,012 were advertised.

Australia’s migrants are still enjoying better prospects than jobseekers in most other developed countries. This month’s job ad figures from the ANZ bank are up by 33 percent compared with the same time last year. A third of a million new jobs have been created in the last 12 months.

The number of people in employment in Australia increased by 45,900 in June 2010. There has also been a 30.2% increase in total job ads in June 2010 compared with June 2009.

Australia’s jobs outlook is looking bright, with hiring optimism reaching levels seen before the global downturn. A survey of over 2,200 Australian employers indicates hiring intentions will continue to improve for the next three months.

The level of job ads in Australia is almost 15% higher than it was a year ago. The Australian economy is receiving a sizable boost as a result of high demand for commodities in China and India.

Australia’s seasonally adjusted unemployment rate fell from 5.6% in November to 5.5% in December, a better performance than other advanced economies. 7,300 of the new jobs were full-time and 27,900 were part-time.

Total job advertisements experienced their strongest monthly growth rate since May 2007, but the level of job ads remains 22.6% lower than a year ago. A substantial 99.5k jobs were added to the labour market in just the last three months, 71k of them full-time.

The number of people in work in Australia has risen by 24,500 – most financial commentators had expected the number of people in employment to fall. The rise in employment was driven mainly by an increase in part-time employment, up 21,500. The employment boost was biggest in Queensland, South Australia and Western Australia.

Australian job ads averaged 133,709 per week in October, down from 231,574 a year ago. The market continues to show little change in recent months, with weekly job ads running at 125,000 – 137,000 for the last seven months.

Australian job ads averaged 130,326 per week last month, down from 251,000 a year ago. There are signs the market may have steadied with job ads up 5,000 on the previous month – the first monthly rise in ads since April 2008.