Engineering Recruitment, Engineers Recruitment, Engineering Employment, Engineering Professionals, Engineering Jobs, WA, Australia

While the pace of monthly falls in trend job advertisements have slowed since June, November was the eighth consecutive month of trend decline....

8 December 2011

Highlights of the latest ANZ Job Advertisement series show that:

• The number of job advertisements on the internet and in newspapers was unchanged in November compared to the previous month.
• Newspaper job ads were 0.6% higher in November, while internet job advertising was broadly unchanged. Newspaper advertising is now 15.9% lower than a year ago, while internet advertising is 1.0% higher over the same period, in part reflecting the continuing trend towards advertising online. In November, newspaper job advertisements rose in the ‘mining states’ of Queensland (+10.1% m/m), Western Australia (+4.5% m/m) and the Northern Territory (+2.2% m/m).
• In trend terms, total job ads fell by 0.3% m/m in November and are now 0.5% lower than year-earlier levels. Job advertising began slowing in January 2011 and growth has been negative since April.

According to ANZ Head of Australian Economics and Property Research, Ivan Colhoun, the current trend rate of employment growth is unlikely to be fast enough to absorb the forecast growth in the labour force over coming months. As a result, ANZ forecasts the unemployment rate to rise to 5½% by mid-2012. The unemployment rate is then expected to fall at a modest pace, supported by strong mining and infrastructure investment. The mining states of Queensland, WA and the Northern Territory continued to outperform the more populous states of New South Wales and Victoria. Mining and infrastructure investment is rising strongly at the same time as the global economic outlook has continued to deteriorate.
Excerpt from: The ANZ Job Advertisement series (www.anz.com), 5 December 2011