Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Three Rates Of Recovery Emerge Across Australia

The latest SEEK Employment Report data shows a 2.0% month-on-month (m/m) national decline in jobs advertised. This is the first time a decline has been reported since April.

Comparing August 2020 with August 2019, job ads are 29.1% lower, which is the smallest difference in year-on-year (y/y) comparison since the pandemic began.

August data also shows that job ads across all states and territories are recovering from their lowest point in April at three different rates, with some states rebounding and showing comparable pre-COVID job ad levels.

Kendra Banks, Managing Director, SEEK ANZ comments: “We are seeing three distinct rates of recovery emerge across Australia. The first group are the states that have fully rebounded or have job ad rates comparable to pre-COVID levels – this includes Western Australia, South Australia, Tasmania and Northern Territory. The second group are the states that are continuing to recover towards pre-COVID levels, which are Queensland, New South Wales and the Australian Capital Territory. Unsurprisingly this leaves Victoria as the state which declined significantly for a second month, where stage four restrictions continue to have a major impact on businesses and hiring.

“The national month-on-month decrease of 2.0% is being driven by the existing restrictions in Victoria which are impacting job ad growth. Excluding Victoria, the rest of Australia saw a 1.8% increase in job ad volumes in August when compared to July.

“NSW and Victoria, the two biggest contributors to the nation's economy, are currently the only states below the national average for year-on-year job ad growth.”

Table 1: National, state and territory job ad growth/decline comparing August 2020 to: i) July 2020 (m/m) and; ii) August 2019 (y/y).

STATE OF THE STATES: DECLINE CONTINUES IN VICTORIA

In August the m/m growth rate for South Australia, Western Australia, Tasmania and Northern Territory has accelerated, further highlighting the correlation between fewer reported COVID cases and higher job ad growth.

While Queensland and the Australian Capital Territory reported job ad declines for the month of August, it is in Victoria where job ads continue to decline most sharply. The decline in Victoria continued with a 12.8% drop in July m/m and a further reduction of 17.6% in August.

Kendra Banks said: “The top three states contributing to monthly job ads by volume are Western Australia, New South Wales and South Australia.

“New South Wales job ad volumes growth slowed across August, dropping from 6.3% month-on-month growth in July to 1.7% in August. Queensland and the Australian Capital Territory showed a slight decline after both states had strong growth in July.

“Victoria experienced a further decline in job ads in August, as we continue to see the impact of the lockdown on businesses. However, this is less than the drop Victoria had throughout the country’s first wave of COVID-19, which indicates businesses are finding new ways to operate and adapt to the situation.”

Figure 1: National SEEK Job Ad percentage change by state (August 2020 vs July 2020).

STATE OF THE INDUSTRY SECTORS

The three sectors that had the highest amount of jobs ads during August were Healthcare & Medical, Information & Communication Technology and Manufacturing, Transport & Logistics.

  • Healthcare & Medical with roles in aged care & general nursing, physiotherapy, occupational therapy & rehabilitation, psychology, counselling & social work, dental and medical administration.
  • Information & Communication Technology including roles for developers & programmers, business & systems analysts, software engineers and help desk & IT support.
  • Manufacturing, Transport & Logistics with roles in assembly and process work, warehousing, storage and distribution, road transport, machine operators and purchasing, procurement & inventory being in demand.

Two sectors of note are Human Resources & Recruitment and Banking & Financial Services. Both sectors sit within Professional Services, which is an area that was severely impacted during the height of the pandemic. Encouragingly, some roles in these areas have increased from July to August and are showing early signs of growth.

  • Human Resources & Recruitment was up by 12% m/m, featuring roles for consultants and generalist HR, recruiters, occupational health & safety and training & development.
  • Banking & Financial Services was up by 7% m/m, with roles for compliance & risk, retail & branch members and financial planners.
Figure 2: National SEEK Job Ad percentage change by industry (August 2020 vs July 2020).

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Transport: Successful Bridge Repair Opens Two Additional Lanes To Traffic

The opening of two additional lanes on the Auckland Harbour Bridge this morning will help relieve some motorway congestion for motorists heading home to the North Shore tonight. More>>

ALSO:

Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>

ALSO:

Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>

ALSO:

MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>

ALSO:


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>

ALSO:


University Of Auckland: Whale-Watching By Satellite – Follow Their Travels Online

Scientists have successfully attached satellite tracking tags to six New Zealand southern right whales, or tohorā, and are inviting the public to follow the whales’ travels online. Part of a major research project involving the University of Auckland ... More>>

Commerce Commission: Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million

Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More>>

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>

ALSO:

NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>

ALSO:

Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>

ALSO: