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Job ads at new record highs in April and that’s good for our economy - featured image

Job ads at new record highs in April and that’s good for our economy

Another sign of the strength of our economy is that SEEK's new job ads rose 2.9% month on month in April, further extending record highs in a 4th consecutive month of growth.
Overall, job ads are an incredible 74.1% higher than pre-pandemic levels, indicating labour demand remains elevated even as employment has more than recovered pre-pandemic levels and the unemployment rate has declined to a nearly five-decade low.
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There are 57% fewer applications per job ad than pre-pandemic, again indicating a very tight labour market.
In the month, job ad growth was seen across all states and territories.
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Strong labour demand continues to be broad-based with job ads across all but one sector experiencing positive growth since the pandemic.
Hospitality & Tourism continues to lead growth in advertising, with ads almost triple pre-pandemic.
Agriculture, Manufacturing and Transport, and Retail have also seen large increases.

About Robert Chandra is a Property Strategist at Metropole and has an intrinsic understanding of property markets backed by many years of real estate experience. This coupled with several degrees gives him a holistic perspective with which he can diagnose clients’ circumstances and goals and formulate strategies to bridge the gap.
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