Job vacancies drop additional | Australian Dealer Information

The variety of job vacancies in Australia fell to 353,000 in Might, a lower of 10,000 from February, in response to new figures from ABS.

“The variety of job vacancies fell additional in Might 2024, dropping by 2.7%. This adopted a fall of 6.2% in February 2024,” stated Bjorn Jarvis (pictured above), ABS head of labour statistics.

Important drop from peak ranges

Might marked two years for the reason that peak in job vacancies in Might 2022. Since then, vacancies have fallen by 26%.

“Nonetheless, job vacancies had been nonetheless nicely above their pre-COVID-19 pandemic stage, with round 54.8%, or round 125,000, extra vacancies than in February 2020,” Jarvis stated.

Trade-specific developments

The decline in job vacancies was seen throughout many industries. The strongest quarterly share falls had been in wholesale commerce (-30.7%) and manufacturing (-29.8%).

Solely 4 industries noticed progress in job vacancies over the quarter. The strongest share rises had been in skilled, scientific and technical companies (15.9%) and public administration and security (15.3%).

“Job vacancies remained larger than their pre-pandemic ranges in 15 out of 18 industries,” Jarvis stated. “This continued to be notably pronounced in customer-facing industries, together with lodging and meals companies, and humanities and recreation companies, the place vacancies are nonetheless greater than double pre-pandemic ranges.”

Non-market sector progress

The most recent Labour Account information confirmed a lot of the latest progress in crammed jobs was within the three non-market sector industries – well being care and social help, training and coaching, and public administration and security.

“This was additionally mirrored within the newest job vacancies information, with these three industries’ share of complete vacancies rising from round 27% in Might 2023 to twenty-eight% in Might 2024,” Jarvis stated in a media launch.

“Well being care and social help now accounts for the biggest share of complete vacancies – round 18% or shut to 1 in 5 vacancies.”

Regional and sectoral variations

Job vacancies dropped over the three months to Might in each the non-public (-2.7%) and public sectors (-2.5%). There have been additionally falls in job vacancies in most states and territories. South Australia noticed the biggest share drop (-17.3%) adopted by Western Australia (-12.3%). The one rise was within the Northern Territory (15.2%).

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