Fall in job vacancies largest on record

Original article by Patrick Commins
The Australian – Page: Online : 26-Jun-20

The Australian Bureau Statistics has revealed that job vacancies ads fell by 43 per cent between February and May, making it the biggest fall on record. Ads for private sector jobs were down 45 per cent, while public sector jobs declined by 29 per cent. Job ads in the arts and recreation industry slumped by 95 per cent, ads in the rental, hiring and real estate sector were down 68 per cent, while the accommodation and food services recorded a 66 per cent decline in job ads. However, job ads on the Seek website as of the week to 21 June were at around 70 per cent of pre-COVID levels, suggesting some signs of recovery since April, which was viewed as the worst month for vacancies.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, SEEK LIMITED – ASX SEK

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