Seek job ads across Australia declined by 8.4% in November
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Job ads in Australia declined by 8.4% in November 2024 when compared to November 2023, according to the latest Jobs Report by job board Seek. The decline in job ads reduced to its slowest pace in almost two years.
When compared to October 2024, job ads fell marginally for a second consecutive month, down 1.1%.
Applications per job ad for October rose by 3.4% when compared with September, the largest rise since April.
By state and territory, job ads in Victoria fell by 15.4% in November 2024 when compared with November 2023, the steepest fall. Western Australia job ads tumbled 13.9%. On the other hand, Queensland saw the smallest decline at 0.3%.
On a month-on-month basis, ad volumes in Tasmania jumped 5.6%, the largest monthly increase in almost two years. This was due to rising demand in several industries, including community services & development (6.7%), hospitality & tourism (5.8%) and healthcare & medical (4.6%). The Australian Capital Territory (2.4%) and South Australia (0.3%) were the only other regions where job ads rose.
The four largest states and the Northern Territory recorded job ad decline in November, led by Western Australia (-3.2%) and Victoria (-2.3%).
Meanwhile, on a year-on-year basis and by industry, the consulting and strategy industry saw a 5.5% increase. This was followed by real estate & property (4.9%), community services and development (1.9%), banking & financial services (1.7%), hospitality and tourism (1.3%), legal (0.9%) and farming, animals & conservation (0.5%).
By industry and month-on-month, five industries recorded an increase in ad volumes in November, but for most, the rise was only small and came off the back of a decline in October.
Job ads in consulting & strategy, a relatively small industry, rose 6.7% after declining for the full quarter prior. Ad volumes in community services & development rose 1.6% after two months of decline. The ICT industry also saw a 1.6% rise. Call centre and customer service (3.8%) and farming, animals & conservation (1.8%) also reported increases.