{"id":12002,"date":"2021-05-13T01:29:07","date_gmt":"2021-05-12T15:29:07","guid":{"rendered":"https:\/\/www.hiringlab.org\/au\/?p=12002"},"modified":"2022-08-13T03:52:03","modified_gmt":"2022-08-12T17:52:03","slug":"job-postings-through-may-7-2021","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/au\/blog\/2021\/05\/13\/job-postings-through-may-7-2021\/","title":{"rendered":"Australian Job Postings Through May 7: Strong Ahead of the Budget"},"content":{"rendered":"\n<p><em>We regularly update this report to track the pandemic\u2019s effects on the labour market. Our methodology changed at the start of 2021, as explained in the methodology note at the end of the post.<\/em><\/p>\n\n\n<style>\n       .errordiv { padding:10px; margin:10px; border: 1px solid #555555;color: #000000;background-color: #f8f8f8; width:500px; }#advanced_iframe {visibility:visible;opacity:1;vertical-align:top;}.ai-info-bottom-iframe { position: fixed; z-index: 10000; bottom:0; left: 0; margin: 0px; text-align: center; width: 100%; background-color: #ff9999; padding-left: 5px;padding-bottom: 5px; border-top: 1px solid #aaa } a.ai-bold {font-weight: bold;}#ai-layer-div-advanced_iframe p {height:100%;margin:0;padding:0}<\/style><script type=\"text\/javascript\">var ai_iframe_width_advanced_iframe = 0;var ai_iframe_height_advanced_iframe = 0;function aiReceiveMessageadvanced_iframe(event) {  aiProcessMessage(event,\"advanced_iframe\", \"true\",\"\",\"false\",\"false\");}if (window.addEventListener) {  window.addEventListener(\"message\", aiReceiveMessageadvanced_iframe);} else if (el.attachEvent)  {  el.attachEvent(\"message\", aiReceiveMessageadvanced_iframe);}var aiOnloadScrollTop=\"true\";var aiShowDebug=false;\n\t\tif (typeof aiReadyCallbacks === 'undefined') {\n\t\t\tvar aiReadyCallbacks = [];\n\t\t} else if (!(aiReadyCallbacks instanceof Array)) {\n\t\t\tvar aiReadyCallbacks = [];\n\t\t}    function aiShowIframeId(id_iframe) { jQuery(\"#\"+id_iframe).css(\"visibility\", \"visible\");    }    function aiResizeIframeHeight(height) { aiResizeIframeHeight(height,advanced_iframe); }    function aiResizeIframeHeightId(height,width,id) {aiResizeIframeHeightById(id,height);}<\/script><iframe id=\"advanced_iframe\"  name=\"advanced_iframe\"  src=\"https:\/\/hiring-lab.github.io\/visualization-data\/#AU\"  width=\"100%\"  height=\"560\"  frameborder=\"0\"  border=\"0\"  allowtransparency=\"true\"  loading=\"lazy\"  style=\";border-width: 0px;;border: none;;width:100%;;height:560px;\" ><\/iframe><script type=\"text\/javascript\">var ifrm_advanced_iframe = document.getElementById(\"advanced_iframe\");var hiddenTabsDoneadvanced_iframe = false;\nfunction resizeCallbackadvanced_iframe() {}<\/script><script type=\"text\/javascript\"><\/script><p style=\"display:block !important; visibility:visible !important;margin: -18px 14px 0 0;padding-left: 3px;padding-top:3px;background: white; overflow: hidden; position: relative; line-height:15px;width: fit-content;\"><small style=\"display:block !important;visibility:visible !important\">powered by Advanced iFrame<\/small><\/p>\n\n\n\n<p>Job postings on Indeed are a real-time measure of labour market activity. On May 7 they were tracking 44.6% ahead of their level on February 1 last year, our pre-pandemic baseline, after adjusting for seasonal trends.&nbsp;<\/p>\n\n\n\n<p>Postings have surged following Easter and the end of the JobKeeper wage subsidy on March 28 appears to have no ill-effect on hiring trends nationally.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/K8BOlUmhYjhSKRkQoinx15xp4xux3R_ODUg3iCosf9V4-w3Y1wWbFLTkwNmM9-HVcilPVlEgriwjItyR8bntubD9XK7yLT1iaBk1rfFtKJumjVfr723ZB9z8n758qjuLWHfR-y52\" alt=\"Line graph showing job postings on Indeed AU\" \/><figcaption>Line graph titled &#8220;Job postings on Indeed AU.&#8221; With a vertical axis ranging from -75% to 50%, Indeed tracked the percent change in job postings along a horizontal axis ranging from 1 February 2020 to 7 May 2021. As of 7 May 2021, job postings were tracking 44.6% ahead of their level on February 1 2020. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p>In 2020, job postings plunged from mid-March until late April, falling by half, and then gradually improved over the remainder of the year. Victoria\u2019s lengthy second lockdown slowed the recovery, creating a temporary divergence between Victoria and the rest of Australia.&nbsp;<\/p>\n\n\n\n<p>Thankfully, there appears to be no lasting impact on Victorian recruitment and short-term lockdowns in New South Wales, Western Australia and Victoria have had minimal hiring impact.&nbsp;<\/p>\n\n\n\n<p>Short-term lockdowns appear likely to continue going forward due to the slower than anticipated vaccine rollout. However, provided they only last a few days we shouldn\u2019t expect any meaningful impact on hiring trends.&nbsp;<\/p>\n\n\n\n<p><strong>Some moderation at state-level<\/strong><\/p>\n\n\n\n<p>Over the past two weeks, we have seen moderation in posting levels across states such as Queensland, Western Australia and Tasmania. To be clear, postings in these states are still high and well above their pre-pandemic baseline.&nbsp;<\/p>\n\n\n\n<p>Job postings in Australia\u2019s two most populous states, New South Wales and Victoria, continued to strengthen. Postings in both states are close to 50% above their level on February 1 last year. Postings in both the ACT and Western Australia are at a similarly high level.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/ikAA8_5X2XqRJT3vywFCoqCLmalo2TA8cqaqyEEjN94rdXMpooydXbnVNyNkwS3FPTiKyuxtq4aJOW5PnPv2OCbhnYOCsy1FwECK7zskuiO0Mg2ycyjOZdfd7Lj2UVFYwbQ5L_kO\" alt=\"Bar graph showing job postings on Indeed AU by state\" \/><figcaption>Bar chart titled &#8220;Job postings on Indeed AU by state.&#8221; With a vertical axis ranging from 0% to 60%, Indeed compared the percent change in job postings between the eight states and territories with different coloured bars representing 23 April 2021 and 7 May 2021. As of 7 May 2021, job postings in New South Wales and Victoria were close to 50% above their level on 1 February 2020. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p><strong>Hiring continues to improve in most occupational groups<\/strong><\/p>\n\n\n\n<p>Australia\u2019s hiring recovery has been impressive and, although there are some occupations lagging behind, most are heading in the right direction.&nbsp;<\/p>\n\n\n\n<p>The top three occupations for job postings, cleaning &amp; sanitation, loading &amp; stocking and food preparation, remain unchanged from two-weeks ago. Postings in cleaning &amp; sanitation and loading &amp; stocking have been strong throughout the recovery, now more than double their pre-pandemic level. Postings for food preparation have surged now that restaurants are operating at capacity.&nbsp;<\/p>\n\n\n\n<p>Leaping to fourth, from tenth two-weeks ago, was logistical support. Postings for these roles are now 85% above their level on February 1 last year. Personal care and childcare roles weren\u2019t far behind.&nbsp;<\/p>\n\n\n\n<p>Postings for most of the \u2018worst performing\u2019 occupations are now either above last year\u2019s baseline or have improved recently. Just four of the 50 occupations assessed had posting levels that were below their pre-pandemic baseline.&nbsp;<\/p>\n\n\n\n<p>Hospitality &amp; tourism has consistently been the worst performing occupation in terms of postings, devastated by lockdowns and restrictions on domestic and international travel. Postings for veterinary roles, a relatively small category, and beauty &amp; wellness are also quite weak.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/Kfy9BUz-Sk5yP_ZSNSblvojpBj9NYlv6sxxdlVKauGzk24sPGgecqjQGf9B-tACyezlSaCpvvPJS-lMR2MVPkzMF0QFveIws6reeiZC0CoGleknw6g3TAGsoPWsUb-l9dBNcM69_\" alt=\"Table showing australian recruitment trends\" \/><figcaption>Table titled &#8220;Australian recruitment trends.&#8221; Indeed compared the percent change in AU job postings between 1 February 2020 and 7 May 2021 among various occupations divided into best performing and worst performing. As of 7 May 2021, job postings in cleaning and sanitation were up 138.3% compared with their 1 February 2020 baseline. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p>Australia\u2019s hiring momentum continued throughout early May in the lead-up to the federal government\u2019s 2021-22 budget. Fiscal spending will remain elevated over the next few years, vastly exceeding estimated spending before the pandemic, providing support for economic activity, recruitment and employment. Targeted support for sectors such as hospitality and aviation will also help two of the sectors that continue to be impacted by COVID-19.&nbsp;<\/p>\n\n\n\n<p><strong>Methodology<\/strong><\/p>\n\n\n\n<p><em>All figures in this blogpost are the percentage change in seasonally-adjusted job postings since February 1, 2020, using a seven-day trailing average. February 1 last year is our pre-pandemic baseline. We seasonally adjust each series based on historical patterns in 2017, 2018, and 2019. Each series, including the national trend, occupational sectors, and sub-national geographies, is seasonally adjusted separately.&nbsp;<\/em><\/p>\n\n\n\n<p><em>We adopted this new methodology in January 2021 and now use it to report all historical data. Historical numbers have been revised and may differ significantly from originally reported values. The new methodology applies a detrended seasonal adjustment factor to the percentage change in job postings. In contrast, our previous methodology used the 2019 change between February 1 and the reported date as the adjustment factor, which implicitly included both a seasonality component and the underlying trend.&nbsp;<\/em><\/p>\n\n\n\n<p><em><em>The number of job postings on&nbsp;<a href=\"http:\/\/indeed.com\/\">Indeed.com<\/a>, whether related to paid or unpaid job solicitations, is not indicative of potential revenue or earnings of Indeed, which comprises a significant percentage of the HR Technology segment of its parent company, Recruit Holdings Co., Ltd. Job posting numbers are provided for information purposes only and should not be viewed as an indicator of performance of Indeed or Recruit. Please refer to the Recruit Holdings investor relations website and regulatory filings in Japan for more detailed information on revenue generation by Recruit\u2019s HR Technology segment.<\/em><\/em><\/p>\n\n\n\n<p><strong><em>Comments for Business Insider:<\/em><\/strong><\/p>\n\n\n\n<p><em>\u201cCompetition for talent remains high across the country, with job openings remaining well above normal levels,\u201d said Callam Pickering. \u201cNear-term skill-shortages may emerge in some occupations or be exacerbated in others, particularly in highly-skilled areas that have traditionally relied on skilled migration.\u201d<\/em><\/p>\n\n\n\n<p><em>\u201cThe federal budget provides further optimism for hiring. By prioritising economic repair over budget repair, the federal government is seeking to push the unemployment rate to levels not seen since before the GFC. That\u2019s good news for both employers and jobseekers.\u201d<\/em><\/p>\n\n\n\n<p><em>\u201cThis was a big-spending budget that should create jobs across the country, supporting hiring activity. Strong job postings typically point towards strong employment growth in the coming months and so we should be optimistic around the near-term employment outlook.\u201d<\/em><\/p>\n\n\n\n<p><em>\u201cAnd the longer these hiring trends persist the greater the likelihood of stronger wage growth particularly in those areas where skill-shortages emerge. The federal budget was fairly pessimistic on that front &#8211; only expecting wage growth to return to pre-pandemic levels &#8211; but strong employment growth could rapidly change that dynamic.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian hiring activity remained elevated through early May, with job postings 44.6% above their level on February 1 last year. <\/p>\n","protected":false},"author":41,"featured_media":12008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"recruiter-hub-blocks.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"post_mwm_category":[224],"post_topic":[],"post_content_type":[],"post_duration":[],"post_actions":[],"post_franchise":[],"post_mwm_author":[182],"class_list":["post-12002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","post_mwm_category-state-of-the-labour-market","post_mwm_author-cpickering"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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