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.
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.
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 ChandraRobert 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.