ABS job vacancies soar toward 500k

The Australian Bureau of Statistics (ABS) has today released job vacancy data for the May quarter, with the total number of vacancies soaring to 480,100 – roughly double the pre-COVID level:

All states and territories have experienced a sharp lift in job vacancies over the pandemic:

The next chart shows the increase in job vacancies over the pandemic across jurisdictions. Interestingly, the smaller jurisdictions have experienced the biggest increases – both in raw numbers terms and proportionally:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.