DEEWR’s job vacancy report is out for December and it makes some pretty doomy reading for those New Year job prospects.
The Internet Vacancy Index (IVI) decreased by 3.5% in November 2012 in trend terms. Over the year, the IVI has fallen by 23.0% and is now at its lowest level since the series began in January 2006. The IVI fell over the year in all states and territories, with the strongest decline recorded in Queensland (down by 29.3%), followed by Western Australia (26.5%) and South Australia (25.8%). In seasonally adjusted terms, the IVI decreased by 4.7% over the month.
The Regional IVI (three month moving average) declined in all 38 regions over the year to November 2012. The strongest falls were recorded in Port Augusta & Eyre Peninsula (down by 35.5%) and Newcastle & Hunter (33.4%).
One wonders how long the official unemployment rate can continue to fend off this type of data.