Employment Continues to Rise in Australia
July 11th, 2010 | Published in Jobs
The ANZ bank monitors the number of job ads appearing each week in Australian newspapers and on Australian internet job sites.
The figures for June this year are considerably better than at the same time in 2009, with a 30.2% increase in total job ads in June 2010 compared with June 2009.
In June 2010, total job ads grew by 1.8% compared with May.
Similarly, the Australian Bureau of Statistics reported the number of people in employment increased by 45,900 (seasonally adjusted) in June 2010.
Actual weekly job ads (seasonally adjusted) were 169,690 in June 2010 compared with 126,028 in June 2009.
To see how this fits in an overall boom and bust scale, there were 278,609 job ads per week at the peak in April 2008 and 125,258 job ads per week when ads bottomed out in July 2009.
The rise in total job ads came purely from a 3% increase in internet job ads. The number of newspaper job ads fell 1.6% from May.
Internet job ads have increased by 33.6% since June 2009 and are growing at their fastest yearly rate since January 2008.
ANZ Chief Economist Warren Hogan said:
“Job advertisements rose strongly again in June after a similarly strong rise in May. This suggests that employers remain confident about Australia’s economic prospects, despite escalating concerns about the global environment.
“Despite the strong rise in total job advertising, the slowdown in newspaper job advertising growth does imply some impending moderation in Australia’s recent strong employment growth.”