October Vacancy Report now available

In October, recruitment activity increased by 9,100 or 6.2% nationally to now stand at 155,000 job advertisements. New job advertisements have now increased for six consecutive months.

The Vacancy Report, which is published monthly by the NSC, summarises the latest trends in the Internet Vacancy Index (IVI) from three job boards – SEEK, CareerOne and Australian JobSearch – and explores the labour market at a detailed occupational and regional level.

Occupational trends

Overall, job advertisements have now fallen by just 2.3% over the year to October 2020. This reduction is largely driven by three of the eight broad occupational groups: Managers (down by 20.3% or 4,100 job advertisements), Clerical and Administrative Workers (down by 18.8% or 5,000 job advertisements) and Professionals (down by 6.9% or 3,400 job advertisements).

However, during October job advertisements increased across all eight broad occupational groups, with the strongest gains recorded for Sales Workers (up by 11.6% or 1,300 job advertisements), Labourers (up by 10.7% or 1,100 job advertisements) and Community and Personal Service Workers (up by 9.9% or 1,400 job advertisements).

These increases highlight the ongoing recovery in recruitment activity since the April 2020 series low point, with job advertisements having more than doubled since that time (up by 83,300 job advertisements).

Importantly, job advertisements for Labourers, Machinery Operators and Drivers, Community and Personal Service Workers and Technicians and Trades Workers now exceed pre-COVID-19 levels. National recruitment activity for Labourers has shown strong growth over recent months, with job advertisements at their highest level in more than two years. This is particularly the case in Queensland and Western Australia, with job advertisements for Labourers in those states reaching their highest levels in more than seven years.     

Skill Levels

Internet Vacancy Index data are also available by skill level, and in October there was an increase across all skill level groups. The strongest increase was recorded for Skill Level 5 occupations (commensurate with Certificate I or secondary education level), up 2,300 job advertisements over the month. The second strongest increase was for Skill Level 3 occupations (Certificate III or IV) up by 9.0% (or 1,700 job advertisements) over the month.

Over the year, job advertisements fell across three of the four skill level groups. Skill level groups with the largest falls include the higher-level education groups, Skill Level 1 (bachelor’s degree or higher) and Skill Level 2 (Diploma or Advanced Diploma). Skill Level 2 occupations experienced the strongest decline of all skill level groups, down by 11.2% (or 1,800 job advertisements), followed by Skill Level 1, down by 10.2% (or 6,600 jobs advertisements).

States and Territories

The latest IVI data show recruitment activity varies by jurisdiction. Some areas have seen declines in job advertisements over the year, while other have had job advertisements increase to above pre-COVID-19 levels.

In annual terms, job advertisements fell in Victoria, New South Wales and the ACT over the year to October 2020. Victoria recorded the strongest fall over the year, down by 23.3% or 10,000 job advertisements, followed by the ACT (down by 7.9% or 450 job advertisements) and New South Wales (3.0% or 1,600 job advertisements).

The remaining four states and the Northern Territory recorded increases in job advertisements over the year. Western Australia recorded the strongest increase (up by 24.9% or 3,800 job advertisements), followed by Tasmania (17.8% or 290 job advertisements), the Northern Territory (17.5% or 270 job advertisements), South Australia (16.8% or 1,200 job advertisements) and Queensland (9.9% or 2,900 job advertisements).

Latest data page

October 2020 Vacancy Report – 18 November 2020

To view the full Vacancy Report, visit the Labour Market Information Portal at https://lmip.gov.au/default.aspx?LMIP/GainInsights/VacancyReport

The monthly Internet Vacancy Index (IVI) data analyses newly lodged Australian job advertisements on three job boards to further explore opportunities in the labour market at a detailed occupational and regional level. To read more about the IVI visit the Labour Market Information Portal.

The NSC would like to thank the following job boards for their contribution to the Vacancy Report:

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Career One, Seek and Australian Job Search logos