Victoria derails job ads recovery

Callam Pickering, economist at global jobs site Indeed, has updated his job listings series to 28 August, which reveals that Victoria continues to derail the nation’s job recovery:

Job postings in Victoria continue to suffer, falling throughout July and August, as widespread community transmission of COVID-19 forced the state government to reinstate economic restrictions. The situation in Victoria stands in stark contrast to the rest of Australia where the job market continues to improve.

In Victoria, job postings were tracking 51% below last year’s trend for the week ended 28 August. That compares unfavourably with the 24% gap for the rest of Australia. Victoria’s fortunes have changed quickly. As recently as early July, Victoria was tracking similarly to the rest of Australia in terms of job postings.

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