Job vacancies in Australia decline in August

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The number of job vacancies in Australia decreased by 1.3% over the August 2019 quarter, according to the Australian Bureau of Statistics (ABS).

Bruce Hockman, Chief Economist at the ABS, said that following a period of growth, the trend level of vacancies had declined for the last three quarters, adding: “The quarterly trend measure of job vacancies fell 1.3%, following a sustained period of growth from 2013 to 2018. This fall led to the first annual decline of job vacancies since February 2014, of 1.4% over the year”.

In seasonally adjusted terms, the number of job vacancies decreased by 1.9% in the August 2019 quarter, and also decreased by 1.9% over the year.

In original series terms, Tasmania had the largest percentage increase in vacancies over the year, while the largest percentage decrease in vacancies occurred in Victoria.