SEEK confirms job ads annihilation

Via SEEK:

This is a new report to complement the SEEK Employment Trends report that is released monthly. The impacts of COVID-19 have amplified since the start of March. For the foreseeable future SEEK will publish more regular insights into candidate behavior and job ad movements.

Key insights

New job ads posted on SEEK in the first week of April down 65.3% compared to the same week last year

All sectors showing a job advertising decline

Victoria & New South Wales showing the biggest declines of 71.6% and 67.4% respectively

Candidate visits to seek.com.au down but application rates are up by over 40% for roles in Call Centre & Customer Service, Hospitality & Tourism, Retail & Consumer Products and Sales.

IMPACTS OF COVID-19 BEING FELT ACROSS THE LABOUR MARKET

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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.