How Australia’s job market has changed during COVID?

The ABS released detailed labour market data for the November quarter of 2021, which provides a good snapshot of how the jobs market has changed over the pandemic.

Australia gained 185,300 jobs over the November quarter as NSW, Victoria and the ACT emerged from lockdowns. These gains were broad-based, with the exception of manufacturing, which lost a whopping 136,700 jobs (after rising 91,500 the prior quarter). Utilities (-9,500) and Real estate (-4,900) also lost jobs:

Since the COVID pandemic began (i.e. compared with February 2020), Australia has added 179,400 jobs. However, the distribution of these jobs is highly uneven.

As shown in the next chart, the strongest gains have been experienced across Healthcare & Social Assistance (+108,200) and Public Administration & Safety (+100,700). By contrast, the biggest job losses have been experienced across Accommodation & Food Services (-83,100) and Manufacturing (-54,200):

Separate data from the National Skills Commission showed that national skilled job vacancies rose 0.6% in November to a 13-year high 252,312 positions:

Job vacancies were also up 46.8% (or 80,458 job ads) year-on-year and 50.1% above pre-COVID levels.

Better open the immigration flood gates. Aussie businesses need their migrant slaves…

Unconventional Economist

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