{"id":12029,"date":"2021-06-10T09:29:21","date_gmt":"2021-06-09T23:29:21","guid":{"rendered":"https:\/\/www.hiringlab.org\/au\/?p=12029"},"modified":"2022-08-13T03:50:36","modified_gmt":"2022-08-12T17:50:36","slug":"job-postings-through-june-4-2021","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/au\/blog\/2021\/06\/10\/job-postings-through-june-4-2021\/","title":{"rendered":"Australian Job Postings Through June 4: Hiring Momentum Slows"},"content":{"rendered":"\n

We regularly update this report to track the pandemic\u2019s effects on the labour market. <\/em><\/p>\n\n\n\n

Job postings on Indeed are a real-time measure of labour market activity. On June 4 they were tracking 42.9% ahead of their level on February 1 last year, our pre-pandemic baseline, after adjusting for seasonal trends. <\/p>\n\n\n\n

Job postings have softened a little recently, driven by a softening in new job postings. That is, the inflow of postings that have gone online over the past two-weeks. Throughout much of the recent hiring upswing, growth in new postings has exceeded total postings.  <\/p>\n\n\n\n

\"Line
Line graph titled \u201cJob postings on Indeed AU.\u201d With a vertical axis ranging from -75% to 75%, Indeed tracked the percent change in job postings between February 1, 2020 and June 4, 2021. On June 4, 2021, total job postings and new job postings were 42.9% and 42.0% above February 1, 2020, the pre-pandemic baseline. <\/figcaption><\/figure>\n\n\n\n

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. <\/p>\n\n\n\n

Thankfully, there appears to be no lasting impact on Victorian recruitment and short-term lockdowns across the country have also had minimal hiring impact. It is too early to tell whether Victoria\u2019s recent extended lockdown will have any meaningful impact on hiring. <\/p>\n\n\n\n

Short-term lockdowns appear likely to continue going forward due to the slower than anticipated vaccine rollout. <\/p>\n\n\n\n

Further moderation at state level<\/strong><\/p>\n\n\n\n

Over the past two weeks, we have seen some mixed results across the states. Recruitment remains healthy across the country but postings have softened in several states. <\/p>\n\n\n\n

In Victoria, job postings are 38.7% above their level on February 1 last year, down from 45.7% a fortnight ago. Most of that decline pre-dates the introduction of the May 28 lockdown.<\/p>\n\n\n\n

New South Wales remains the strongest state from a hiring perspective. Postings are 51.1% above their pre-pandemic baseline, practically unchanged over the past fortnight. <\/p>\n\n\n\n

\"Bar
Bar graph titled “Job postings on Indeed AU by state”. Indeed compared the percent change in AU job postings, between February 1, 2020, and May 21, 2021 across each Australian state and territory. Job postings are elevated in every region but have moderated recently.<\/figcaption><\/figure>\n\n\n\n

Hiring remains elevated across most occupational groups <\/strong><\/p>\n\n\n\n

Postings in four occupational groups \u2014 cleaning & sanitation, logistic support, loading & stocking and food preparation \u2014 are around twice as high or greater than they were before the pandemic. Demand for workers in personal care, childcare and community service also remain strong. <\/p>\n\n\n\n

Postings for most of the \u2018worst performing\u2019 occupations remain above last year\u2019s baseline. However, posting levels have declined for those of these occupations compared with a fortnight ago, particularly in education and real estate.<\/p>\n\n\n\n

Hospitality & tourism continues to inch closer to positive territory, now down 7.6% compared to February 1 last year, an improvement of 2.2% points in the past fortnight. Postings for both veterinary and beauty & wellness remain weak, having declined further recently. <\/p>\n\n\n\n

\"Table
Table titled \u201cAustralian recruitment trends\u201d. Indeed compared the percent change in AU job postings, between February 1, 2020, and May 21, 2021 across various occupational categories. Most organisations are performing well, led by cleaning & sanitation and logistics. <\/figcaption><\/figure>\n\n\n\n

From a hiring perspective, Australia remains in great shape. We also appear to have successfully navigated the end of the JobKeeper wage subsidy. That said, the upward momentum that has characterised much of this year appears to have slowed. That will be worth keeping an eye on over the next few months. <\/p>\n\n\n\n

Methodology<\/strong><\/p>\n\n\n\n

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. <\/em><\/p>\n\n\n\n

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. <\/em><\/p>\n\n\n\n

The number of job postings on 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","protected":false},"excerpt":{"rendered":"

Australian hiring activity remains elevated as we approach the end of the financial year. However, upward momentum has stalled. <\/p>\n","protected":false},"author":41,"featured_media":10920,"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-12029","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":"\nAustralian Job Postings Through June 4: Hiring Momentum Slows - Indeed Hiring Lab Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hiringlab.org\/au\/blog\/2021\/06\/10\/job-postings-through-june-4-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian Job Postings Through June 4: Hiring Momentum Slows - Indeed Hiring Lab Australia\" \/>\n<meta property=\"og:description\" content=\"Australian hiring activity remains elevated as we approach the end of the financial year. 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