Aussie job ads top out

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Judging by the National Skills Commission’s Internet Vacancy Index (IVI) – a monthly count of online job advertisements – Australia’s job ads have peaked.

As shown in the next chart, total job advertisements appear to have topped out at 301,061 after roughly doubling from their pre-pandemic level:

Total job ads

As expected, job ads are highest across the three largest states and have risen sharply everywhere from their pre-COVID level:

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State and territory job ads

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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.