“Job Vacancies in Australia: A Mixed Bag of Growth and Decline”

Australia, Police

Article: The number of job vacancies in Australia has seen a slight decline, dropping by 10,000 to a total of 353,000 in May 2024.

This marks a 2.

February 2024, according to the Australian Bureau of Statistics (ABS).

Despite the decline, job vacancies remain significantly higher than their pre-COVID-19 pandemic levels, with around 125,000 more vacancies than in February 2020.

The decrease in job vacancies was observed across various industries, with Wholesale trade and Manufacturing experiencing the most significant falls at 30.

However, four industries saw growth in job vacancies, with Professional, scientific and technical services leading at 15.

Public administration and safety at 15.

Job vacancies in the non-market sector industries, including Health care and social assistance, Education and training, and Public administration and safety, saw an increase in filled jobs.

These industries now account for 28 per cent of total vacancies, up from 27 per cent in May 2023 and 22 per cent in February 2020.

The decline in job vacancies was seen in both the private and public sectors, with drops of 2.

The fall was also observed in most states and territories, with South Australia experiencing the largest percentage drop at 17.

Western Australia at 12.

The Northern Territory was the only region to see a rise in job vacancies, with a 15.

Despite the overall decline, the ABS noted that job vacancies were still significantly higher than before the pandemic, particularly in customer-facing industries such as Accommodation and food services, and Arts and recreation services, where vacancies are still more than double pre-pandemic levels.