Job advertisements in Australia rose by 7.4 percent month-over-month to the highest in twelve years of 190,542 in March 2021, after an upwardly revised 8.8 percent jump a month earlier. This was the tenth straight month of gains in job ads, indicating the labor market's recovery can withstand the removal of some government's emergency support programs. Catherine Birch, ANZ senior economist, said the strength of ads suggested the ending of the government’s JobKeeper program would have a smaller impact than first feared. “We estimate that 100,000-150,000 people will lose employment, equivalent to 0.8-1.2% of the current workforce." “But we think net employment losses will be smaller, as growing labor demand elsewhere should mean many workers find a new job relatively quickly,” she added. “While we expect a temporary rise in the unemployment rate in Q2, we think it will resume its rapid downward trajectory in H2 2021.” source: Australia and New Zealand Banking Group
Job Advertisements in Australia averaged 141844.89 from 1999 until 2021, reaching an all time high of 255912 in April of 2008 and a record low of 64870 in May of 2020. This page provides the latest reported value for - Australia Job Advertisements - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Job Advertisements - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Job Advertisements in Australia is expected to be 178000.00 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 170000.00 in 12 months time. In the long-term, the Australia Job Advertisements is projected to trend around 175000.00 in 2022, according to our econometric models.