Job Vacancies Up, But Rotating

The ABS released their data to February 2015 today. Total job vacancies in February 2015 were 151,600, an increase of 1.1% from November 2014. The number of job vacancies in the private sector was 138,400 in February 2015, an increase of 1.0% from November 2014. The number of job vacancies in the public sector was 13,200 in February 2015, an increase of 2.4% from November 2014. The rolling 12 month average was up 1.5%.

However, of more significant note are the state by state changes. We have calculated the rolling 12 month average, based on the state original data (no seasonal or trend adjustments). We see that whilst the percentage of vacancies rose in VIC (8.6%), TAS (7.1%), NSW (2.8%) and SA (2.7%), they fell in QLD (down 2.1%), WA (down 2.8%) and NT (down 9.3%). Looking back over previous quarters, we see a rotation towards the eastern states, and away from WA and NT. Another data point highlighting the transition underway from the mining states.

JobVacFeb2015

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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