Thursday, 26 June 2014

Australian official job vacancy figures show some reason for optimism

A slight upturn in the Australian Bureau of Statistics quarterly figures for job vacancies. Total job vacancies in May 2014 were 146,100, an increase of 2.1% from February 2014. The number of job vacancies in the private sector was 135,000 in May 2014, an increase of 2.0% from February 2014. The number of job vacancies in the public sector was 11,200 in May 2014, an increase of 4.3% from February 2014.
job vacancieschart
(click to enlarge)
2014-06-26_jobvacancies
An analysis by Westpac also released today of new jobs created suggests Australia’s impressive jobs growth this year is somewhat undermined by details showing the gains have been concentrated to just a few sectors. New jobs are concentrated in the services, construction and real estate sectors.
26-06-2014 westpacjobcreation1There has been a stagnation in jobs created for many years outside the mining, utilities, education, health, public and business services.
26-06-2014 industry divergence
26-06-2014 constructionandmining

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