Advertisement
SEEK has released its full employment report for March, which shows that Job ad volumes decreased 0.6% month-on-month (m/m) and are 15.7% lower year-on-year (y/y):
As shown above, job ads have fallen for nine out of the past 10 months, signalling a weakening jobs market.
Job ads have weakened most in Victoria (-22.7% y/y), the ACT (-18.1%) and NSW (-17.6%):
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement