Australian Economy

VIC stifles SEEK job ads recovery

Leith van Onselen
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From SEEK:

Key insights (weeks 33 & 34 compared to February 2020):

  • SEEK job ads in the last fortnight are at 71% of pre-COVID levels
  • Job ad volumes continue to recover in most states and territories with Tasmania and Northern Territory passing pre-COVID levels
  • Job ads in Victoria are at 45% of pre-COVID levels but are 59% higher than the wave 1 low point in April
  • Regional Australia (97% of pre-COVID levels) is outperforming metro areas (66% of pre-COVID levels) due to a lower proportion of Professional Services roles which is the slowest sector to recover across Australia

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.