Job Vacancies Up 0.3 % In May 2019

Job Vacancies Up 0.3 % In May 2019

Australian Bureau Of Statistics

Further Slowing Of Job Vacancies In May

Victor P Taffa

Number of job vacancies in Australia increased by 0.3 % over the May 2019 quarter, according to new trend figures from the Australian Bureau of Statistics.

Bruce Hockman, Chief Economist at the ABS, said that growth in vacancies was noticeably weaker in 2019 than it had been in 2018.

“Growth in the quarterly trend measure of job vacancies was 0.3 % in May 2019, which was well below the 4.1 % a year ago.” Mr. Hockman said.

“This was consistent with the recent slowing in other economic indicators.”

“Growth in vacancies over the past year of 4.2 % is well below the year before, when it was 20.8 %. This is consistent with the recent slowing in other economic indicators.” Mr. Hockman said.

In seasonally adjusted terms, the number of job vacancies decreased by 1.1 % in the May 2019 quarter, and increased by 1.8 % over the year.

In original series terms, Tasmania had the largest percentage increase in vacancies over the year, while the largest percentage decrease in vacancies occurred in Victoria.