Job vacancies follow the bubble

By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released job vacancies data for the February quarter, which recorded a 0.7% seasonally adjusted increase over the quarter, and a 1.2% rise in trend terms:

ScreenHunter_6876 Apr. 02 11.38

Over the year, job vacancies rose by 6.2% seasonally adjusted and by 6.3% in trend terms.

Changes in vacancies was mixed across the major capitals, with New South Wales and Victoria recovering and the other mainland states falling:

ScreenHunter_6877 Apr. 02 11.41

For now, jobs seem to be following the Sydney/Melbourne housing bubbles.

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