Today’s preliminary National Skills Commission Internet Vacancy Index (IVI) release shows online job advertisements fell by 5.6% (12,800 job advertisements) in August 2021, to stand at 216,000. The IVI has now recorded three consecutive months of declining recruitment activity after reaching a 12-year high in May 2021.
The sharpest declines in job ads over the month were recorded in New South Wales down by 9.2% (6,400 job ads), followed by the ACT 9.0% (610 job ads) and Victoria 5.9% (3,700 job ads).
By contrast, the Northern Territory, South Australia and Western Australia each recorded modest growth in job ads over the month (2.3%, 1.1% and 1.0% respectively).
Despite the decline, August 2021 recruitment activity remains well above levels observed at the same time last year, up by 55.6% (77,200 job advertisements).
The level of recruitment activity nationally remains significantly elevated compared to pre-COVID-19 levels*, up by 28.4% (47,800 job advertisements). This growth is reflected across all jurisdictions, with the strongest gains recorded for Western Australia (up by 66.9%), Tasmania (64.4%) and South Australia (61.5%).
The detailed release of the IVI, including occupational, regional and skill level data, will be available on Wednesday 22 September 2021.
*Pre-COVID-19 job advertisement levels are defined as the 12-month average in the seasonally adjusted IVI series to February 2020.