DEEWR job ads jump on composition change

Advertisement

DEEWR Job Vacancies for August, which covers July, is out and showed a sharp jump of 5.4%:

sdfs
Capture
sdcfsa
Advertisement

The comparable and more accurate ANZ series fell 1.1% in July so I’d take this report with a grain of salt. Reader Davey identifies the problem:

This month, the Internet Vacancy Index (IVI) series has been affected by MyCareer’s move to free job advertising from 1 July. This has had a noticeable impact on the series, especially in seasonally adjusted terms, although the impact is likely to vary by occupation, State and region. For this reason, the monthly change in vacancies recorded for July 2013 should be used with caution. DEEWR recommends using annual changes in trend data as a more reliable indicator of trends in job advertising.

Vacancy Report August 2013.doc by Lauren Frazier

Advertisement

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Advertisement