- Australian employment has increased in each of the past 17 months. In just the past year alone, employment has grown by 420,000.
- Job openings have risen 12.1% over the past year, including 0.9% in March. Vacancies haven’t been this high in over five years.
- As a lead indicator, this suggests Australian employment will continue to increase in the months ahead.
Job vacancies in Australia continue to increase.
According to the Australia’s Department of Jobs and Small Business Internet Vacancy Index (IVI), online job vacancies rose by 0.9% to 187,200 in March.
Openings have now risen in each of the past 18 months — the longest stretch of consecutive gains since March 2011 — leaving total vacancies up 12.1% on a year earlier.
By number, vacancies now sit at the highest level in over five years. As a lead indicator for employment growth, this suggests Australia’s jobs boom over the past year, seeing over 420,000 Australians find work, will last for some time yet.
As seen in the table below, online vacancies increased in all Australian states and territories over the year.
That trend was replicated by openings in every occupational grouping.
Reflecting the broad-based improvement, most regions across Australia saw vacancies increase by 6% or more over the past 12 months.
According to the IVI, all Australian capital cities recorded growth in job advertisements over the year. Perth recorded the strongest increase, up 12.4%, followed by Darwin, Melbourne and Brisbane at 12.2%, 12% and 9.1% respectively.
The IVI is based on a count of online job advertisements newly lodged on SEEK, CareerOne and Australian JobSearch during a particular month.
The government says that it does not reflect the total number of job advertisements in the labour market as it does not include jobs advertised through other online job boards, employer websites, word of mouth, in newspapers, and advertisements in shop windows.
It also does not specify whether the vacancies are for full-time, part-time or casual.
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