Australia's job advertisements in newspapers and on the internet declined by 6.7 percent month-over-month to 142,569 in December 2019, the lowest level since April 2016, following a revised 1.8 percent drop in November."The number of job ads declined by more than we would expect for that time of the year, suggesting that the escalating bushfire crises had an impact," said Catherine Birch, a senior economist at ANZ. "Based on previous major natural disasters, such as Victoria's Black Saturday fires and Queensland's 2010-11 floods, the current bushfires could see a short-term negative impact on employment.", she added. On an annual basis, job advertisements fell by 18.8 percent. Job Advertisements in Australia averaged 142618.52 from 1999 until 2019, reaching an all time high of 258085 in April of 2008 and a record low of 69799 in July of 1999. source: Australia and New Zealand Banking Group
Job Advertisements in Australia is expected to be 161000.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Job Advertisements in Australia to stand at 155000.00 in 12 months time. In the long-term, the Australia Job Advertisements is projected to trend around 151000.00 in 2020, according to our econometric models.