The number of seasonally adjusted filled jobs in Australia rose 0.4% to 16 million in the December 2024 quarter, following a 1.7% increase in the prior three-month period, the Australian Bureau of Statistics said Friday.
Total jobs rose 0.5% to 16.4 million, while job vacancies increased 2.3% to 346,000.
"The rise in job vacancies in the December quarter was the first rise since the September quarter 2022, after eight quarterly falls in a row," said Bjorn Jarvis, the bureau's head of labor statistics.
Job vacancies accounted for 2.1% of total jobs, way higher than the pre-pandemic level of 1.6%, Jarvis said.
"This shows that, despite the growth we have seen in jobs, employment, and hours over the past five years, employers are still more likely to be looking for people," Jarvis added.
Hours worked rose 0.7% as did average income per employed person.
On an annual basis, filled jobs rose 3.1% in the December 2024 quarter. Total jobs rose 2.8%, while job vacancies fell 9.6%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.