Australia’s jobs rebound stalls

Callam Pickering, economist at global jobs site Indeed, has release his weekly job postings update, which shows that new job postings – i.e. those on Indeed AU for seven days or less – have stalled:

As shown above, new job postings are tracking 17% below the same time last year, but have worsened from 14% a week ago.

However, total job postings on Indeed are now tracking 36% below last year’s trend, an improvement from 39% a week ago and 46% a month ago:

Muddying the waters further is yesterday’s weekly payroll jobs data from the ABS, which stalled in the final week of June:

With 20% of the nation’s population (Melbourne) now in hard lockdown, the jobs rebound is looking shaky.

Leith van Onselen

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