SEEK: Australian unemployment shock incoming

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Seek has released its preliminary job ads report for March, which includes both good and bad news.

Seek employment dashboard

Job ads rose by 2.4% in March, meaning they have tread water since December.

On the other hand, the number of applicants per job ad continued to rise, up 1.7% in February (latest available data), to be tracking around 60% above pre-pandemic levels:

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Seek employment data

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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.