Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Thursday, 30 March 2017

Vacancies point to jobs growth ahead

Job vacancies rise

Good local news today as job vacancies rose by 9.4 per cent over the year to February 2017 in trend terms to a total of 186,400.

That's the highest result since all the way back in 2011, and suggests solid jobs growth ahead. 


The number of unemployed persons per jobs vacancy is now back below 4 and at its lowest level since 2012, though there is literally more work to be done here. 


The vacancies figures still have a Sydney-Melbourne flavour to them, in line with most other economic and demographic trends we're seeing right now. 


Well over 20,000 of the vacancies each were to be found in the healthcare and social assistance sector and the professional, scientific, and technical industries respectively.

Meanwhile manufacturing, mining, and construction have all picked themselves up of the mat lately. 

Good-oh.