Job posting growth slows and drops in NSW | Liverpool City Champion

There are signs that the strong demand for post-coronavirus lockdowns for workers is starting to slow down, although job vacancies still remain at high levels.

National Skills Commission says preliminary results for November show internet job postings increased by a low 0.6%, though at 252,300 listings remain at a 13-year high .

With the exception of NSW, vacancies increased in all jurisdictions in November.

In NSW, vacancies fell 4.5% but followed an extraordinary growth of 38.5% in the previous two months.

In addition, the level of job openings in the state remains high compared to levels seen before the COVID-19 Delta outbreak, ”the commission said.

The Australian Bureau of Statistics will release its workforce report for November on Thursday.

Economists expect a sharp rebound in the number of people employed after the end of COVID-19 lockdowns in NSW, Victoria and ACT.

Forecasts point to a sharp increase of 200,000 jobs in November, although this is still less than the 378,000 jobs lost in the September quarter, when the closures were at their peak.

The unemployment rate is expected to drop to 5% after the unexpected peak of 5.2% in October.

“Things are looking up for the Australian economy next year,” Treasurer Josh Frydenberg told ABC television.

“There is a lot of positive economic data that shows we are moving in the right direction, but there is certainly no room for complacency.”

Shadow Treasurer Jim Chalmers said uncertain times continued after the “deep and damaging” slowdown in the September quarter.

“At this time last year and in the May budget, the treasurer said the economy was set to take off and was about to make a strong comeback,” Dr Chalmers told Sky News.

“Instead, we had the third biggest slowdown in national accounts history.”

Australian Associated Press


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