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Australia – Job creation slows

26 February 2013

Last month, the number of advertised online jobs in Australia fell a seasonally adjusted -22% when compared to a year ago. This is according to the latest internet vacancy index by the Australian Department of Education, Employment and Workplace Relations.

In January, the strongest decline in jobs was posted in Queensland (-32.6%), South Australia (-28.5%) and Western Australia (-28.0%). Demand was down in particular for technicians, trades workers, machinery operators and drivers.

The index fell to its lowest level since the series began in 2006. Despite this decline, there were still around 170,100 newly lodged vacancies advertised in January.

Australia’s labour market has been impacted by a slowdown in the mining and housing market. Analysts expect a poor outlook for the job market this year with unemployment expected to reach 6.4% by the end of 2013.

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