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Australia – Improvement Showing in the Job Market

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Following months of negativity, concerns about historically high unemployment rates, and skewed job figures; data from Australia’s Department of Education, Employment, and Workplace Relations (DEEWR) showed that job vacancies increased by +12% between October 2013 and October 2014, reports businessinsider.com.au.

Even though the trend appears to be softening, the economics team at ANZ Bank feels that the data highlights the improving labour market in Australia.

Given that the underlying trend from the official statistics is difficult to determine, ANZ economists have compiled data and produced a set of charts, which provide a series of snapshots into what is happening in the market.

SOURCE: staffingindustry.com

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