JOB ADS UP, EMPLOYMENT RATE DOWN

Written on the 7 July 2015

JOB ADS UP, EMPLOYMENT RATE DOWN

EMPLOYERS across the country are continuing to advertise jobs at an increased rate, according to recent findings by ANZ.


The number of total job ads released nationwide per week has risen by 9.9% since 2014 with the majority of these directed to the internet, a medium which saw a rise in post activity by 10.8%.


While the stats certainly favour the web, newspapers have been confirmed in decline now accounting for less than 3,000 of the 146,000+ of the total ads posted weekly, which is a drop of 21% compared to 2014.


According to ANZ Chief Economist Warren Hogan, while this statistic remains strong it does not guarantee a healthy future for the job market itself.


"Job ads have been trending higher for nearly two years now and the unemployment rate has been broadly unchanged since mid-last year amid better jobs growth," says Hogan.


"Significant job losses are still forthcoming as several large resource projects are completed. We expect to see the first signs of softer labour market conditions in this week's official employment figures."


Despite this somewhat bleak forecast, for now the job market seems to remain in a secure enough state with Queensland reporting an additional 3,500 full-time jobs to the taskforce in June.


State Treasurer Curtis Pitt says this number is an addition to the pool of 23,100 jobs that have been created in Queensland since the Palaszczuk Government assumed office.


According to the Australian Bureau of Statistics, Queensland is the only state which reported a recent fall in unemployment rates, a problem the Government says they will rectify in the near future through job creation schemes.


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