The number of online job advertisements has increased for the fourth consecutive month according to the July Vacancy Report released by the National Skills Commission (NSC).
Across the three jobs boards monitored by the NSC, in seasonally adjusted terms there were 131,100 newly lodged online job advertisements in July 2020. This is an increase of 8.9%, or 10,700 job advertisements, compared with the previous month.
While there has been a steady improvement in recruitment activity since the Internet Vacancy Index (IVI) fell to a series low point in April 2020, the economic impacts of COVID-19 continue to be felt, with online job advertisements 23.3% lower than the level recorded in July 2019.
The initial impact of the recent COVID-19 outbreak and related restrictions in Victoria is evident in the July 2020 IVI data. Victorian online job advertisements, in contrast to national trends, fell by 6.5% during July. The Northern Territory also recorded a decline of 4.3%, however, recruitment activity increased in all other states and the Australian Capital Territory.
Overall, job advertisements remain well below pre-COVID levels across Australia over the year to July 2020. The strongest falls have been recorded in Victoria (40.8%), New South Wales (25.4%) and the Australian Capital Territory (22.7%).
The Vacancy Report, which is published monthly on the Labour Market Information Portal, summarises the latest trends in the Internet Vacancy Index (IVI). The IVI analyses newly lodged Australian job advertisements on three job boards – SEEK, CareerOne and Australian JobSearch – to further explore opportunities in the labour market at a detailed occupational and regional level.
To view the full Vacancy Report visit the Labour Market Information Portal.
The National Skills Commission would like to thank the following job boards for their contribution to the Vacancy Report: