SEEK Employment Report: Job Ad Market Returns To Positive Y/Y Growth

The latest SEEK Employment Report data shows "continued positive m/m performance with an increase of 8.6% in national jobs advertised. Significantly, when comparing November 2019 with November 2020, new job ads have increased by 1.0%. Job ad growth y/y is being driven by industries recruiting later into the year than usual. This is likely due to the easing of restrictions, border openings and people being able to travel which are all boosting business confidence. We have continued to see positive, national month-on-month job ad growth since the end of April 2020. We are very pleased to report 1.0% more new job ads were posted on seek.com.au in November 2020 than in November 2019. After a challenging 2020 for hirers and job seekers, this is a more positive note in which to end the year. We can have some confidence the easing of restrictions nationally, together with the reopening of businesses and industries, is driving a return towards pre-COVID levels."