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Vacancies indicate strength in jobs market

Job vacancies

Job vacancies hit record levels in November, driven by employers in the private sector, most notably in service industries and look like rising further in 2018.


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By Euna Cho

Source: SBS



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Job vacancies hit record levels in November, driven by employers in the private sector, most notably in service industries and look like rising further in 2018.


Employers were seeking to fill 210,300 positions in November, up 2.7 per cent from August in seasonally adjusted terms, the Australian Bureau of Statistics said on Thursday.

Vacancies were up 16.1 per cent from a year earlier, the strongest annual growth rate in seven years, CommSec senior economist Ryan Felsman said. There is little sign of a slowdown ahead, he said.

“NSW and Victoria continue to lead the way and pleasingly, vacancies are rising in the mining states of Western Australia and Queensland."

Queensland recorded its highest number of vacancies in five years, Mr Felsman said, at 35,000 in November.

In the public sector, vacancies in November were down 7.5 per cent from August.


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