The number of job ads being posted in Australia has risen for the sixth consecutive month, according to a regular nationwide barometer.
ANZ tracks the volume of job advertisements being posted across the country on a monthly basis, comparing long-term trends, as well as differences and patterns across the states and territories. It found that in November, job ads increased by 0.7 per cent – carrying on a trend that has been witnessed for the past five months.
Looking at year-on-year comparisons, job ads in Australia last month were up 8.9 per cent from November 2013.
“This is an encouraging sign and is consistent with a number of similarly forward-looking indicators that point to some near-term improvement in employment growth and stabilisation in the unemployment rate,” noted Warren Hogan, chief economist at ANZ.
“We believe interpretation of the official labour force data warrants some caution given the significant changes that have occurred to the survey recently. Our broad assessment is that labour market conditions have improved but growth headwinds over the next few years will likely limit the prospects for any material improvement.”
ANZ revealed that internet job ads were responsible for much of the growth over November. This specific medium of job advertising increased 0.9 per cent over the month. Meanwhile, newspaper ads dropped by a substantial 5.4 per cent, perhaps further signalling the rise of digital.
State-wise, New South Wales and Victoria led the way in the rise in job ads, while Queensland and the Australian Capital Territory also performed well. Western Australia and Tasmania showed mixed results, and job advertising in the Northern Territory was “broadly weakening”.
Insight around Australian companies’ hiring intentions from earlier this year may shed some light as to the continuing rise in job advertisements.
Strong demand for recruitment services in Australia
Companies in Australia are showing healthy demand for recruitment services – across both permanent and contract positions. This is the main finding from the latest Quarterly Hiring Intentions Survey, published by the Recruitment and Consulting Services Association Australia & New Zealand (RCSA).
According to the survey, on-hire (contract) placements are particularly popular. More than half (54 per cent) of RCSA members reported increased demand for contract recruitment services in the first quarter of 2014.
Demand for permanent placement services was also fairly strong, with more than a quarter (27 per cent) of respondents reporting that these services were sought after.
With hiring intentions and job advertisements both on the rise, we may be seeing strong employment numbers in Australia for the year ahead.