Money Australian job vacancies have hit a 5-year high

20:06  11 january  2017
20:06  11 january  2017 Source:   Business Insider Australia

These are the largest employing sectors in Australia, and where vacancies are growing

  These are the largest employing sectors in Australia, and where vacancies are growing Australian job vacancies currently sit at a five-year high, according to the ABS, rising by 7.3% to 181,000 over the past 12 months. Australian job vacancies currently sit at a five-year high, according to the ABS, rising by 7.3% to 181,000 over the past 12 months.

New figures show the Sunshine Coast is in the midst of a retail employment boom, with job vacancies soaring to a five - year high .

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  Australian job vacancies have hit a 5-year high © Provided by Business Insider Inc

Australian job vacancies continued to grow in the three months to November, according to new data released by the ABS on Wednesday.

Quotes in the article

Australia and New Zealand Banking Group Ltd

ANZ

Australians worry more about their skills being outdated than immigrants taking their jobs

  Australians worry more about their skills being outdated than immigrants taking their jobs Australians are more concerned about declining demand for their skills than any effect of immigration on job vacancies. According to a survey by job site Indeed of 1000 people actively looking for work, 31% were worried their skills would be outdated and only 12% were concerned about immigration bringing greater competition for jobs.It was the 16-24 year olds (39%) who were most concerned about employer demand for their skill set.Those in the 45-54 age bracket were significantly more concerned about the effects of immigration on job prospects (18%) while 55+ year olds were the least concerned (7%).

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31.20
-0.08
-0.26%
Air New Zealand Ltd

AIZ

2.13
-0.01
-0.47%

Vacancies increased by 2.3% to 181,000 in trend terms over the quarter, leaving them 7.3% higher than the same period a year earlier.

Not since late 2011 have there been this many vacancies reported.

Private sector vacancies increased by 2.2% to 163,500, outpaced by a 2.9% lift in public sector vacancies which rose to 17,500.

From the same period in 2015, vacancies in the public sector soared by 17.8%, near triple the increase reported in the private sector.

This chart shows the trend in job vacancies since 2009, and comes courtesy of the ABS.

  Australian job vacancies have hit a 5-year high © Provided by Business Insider Inc

In absolute terms, the figures from the ABS are similar to those reported in the separate Australian job advertisements report, released by the ANZ Bank.

In December, the bank reported that total job advertisements fell by 1.9%, reversing a gain of 1.6% in November, leaving the year-on-year increase at 3.7%, down from 6% reported previously.

Jo Masters, senior economist at the ANZ, said the despite the monthly decline, job ads rose by 0.5% in the December quarter "and in trend terms continue to rise".

“We see the labour market as losing some of its previously strong momentum, not stalling,” she said.

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