Jobs ads skyrocket for full time positions

7 December 2009

Jobs in Australia are being picked as moving well and truly out of the decline that has been recorded over the last 18 months, as Australian employers look to hire full time employees at a rate not seen for quite some time.

According to both the ANZ jobs ads statistics for November and a similar survey conducted by the Olivier Group, a recruitment group, an unexpected surge has occurred in the number of full time jobs ads, leaving many industry experts hopeful that Australia's unemployment crisis has passed. In fact, the results have been so positive that it was concluded that for the first time since the beginning of the Global Financial Crisis the demand for full time jobs has passed the demand for part time jobs.

Preliminary results from the Olivier Group jobs index shows that for the month of November, the number of jobs ads rose by 5.9 per cent, a massive 4.6 per cent up on part time jobs ads. On average, job ads were measured at 140,658 a week.

ANZ banks monthly jobs advertisement assessment was released today and found that across the different mediums of jobs advertisements, there were significant increases. On the whole, the number of total jobs advertised in both newspapers and online climbed by 5.2 per cent in November after posting a decline of 1.7 per cent in October. While this is indeed 12.3 per cent higher than the year's lowest of July 2009, it remains a massive 34.2 per cent lower than twelve months ago.

When it comes to online jobs ads, November saw an increase of 5.0 per cent, or an average of 131,128 per week whereas print ads in metropolitan newspapers rose by 8.3 per cent to the average figure of 9,530 per week.

ANZ Acting Chief Economist, Warren Hogan, stated in a release form the bank that after four months of steady growth, Australia's jobs industry is past its lowest trough point.

"The 8.3 per cent lift in newspaper job advertising in November is particularly encouraging, given that this sector tends to lead overall job advertising trends. Eventually the improvement in job advertising will translate into higher employment growth.

"The recent strength in job advertising is consistent with the positive trends seen in many other indicators across the Australian economy."

"In the near term, we expect weak employment growth over the summer months.

"But even with this jobs growth, continuing labour force growth will still see a further increase in the national unemployment rate, probably to around 6.5 per cent in mid-2010" Mr Hogan stated.

As it stands now the national unemployment rate sits at 5.8 per cent, with the November Labour Force report, which is due on Thursday, expected to see this figure rise to 5.9 per cent.

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