Christmas-related hiring impacting national recruitment trends: report
Australian job ads declined 1.3% in November 2024, according to the latest data from ANZ-Indeed, with Christmas-related hiring continuing to influence national trends.
"ANZ-Indeed Australian Job Ads fell 1.3% m/m in November, although the series is still up 1.7% since its August low," said Madeline Dunk, ANZ economist, in a statement.
The drop follows the upwardly revised 0.7% month-on-month rise in October, as well as a 1.6% month-on-month rise in September.
"It is possible some of the lift in September and October Job Ads reflected a pull-forward in end-of-year-related hiring. The coming months will determine whether the series resumes its previous downward trend," Dunk said.
Source: ANZ-Indeed Australian Job Ads
The decline in job ads was "largely broad-based," according to Callam Pickering, Indeed senior economist.
"The largest falls were in Tasmania, Western Australia, and Victoria," Pickering said in a statement. "By comparison, job ads in Queensland rose for the third consecutive month, reaching its highest level since February 2023."
By sector, job ads went up in education and personal care during November, but this was offset by small but broad-based declines in other areas.
The upcoming holiday season is also making an impact on the job market, according to Pickering.
"Christmas-related hiring continues to influence national trends, with a sharp fall in retail opportunities in November only partially offset by growing opportunities in food services ahead of the holidays," he said.
"Overall, Christmas-related hiring has provided more uplift to Job Ads this year than last year."
