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New job ads hit two year highs

New data shows job ads have hit two year highs with retail, tourism, and hospitality venues reopening after months of lockdown.

By Aaron Bell

First published on 03 Nov 2021

Fact Checked

Data from job platform Seek, shows a 10.2% month-on-month increase in jobs posted in October.

The strong surge follows stimulus measures launched by the NSW and Victorian governments to boost the state’s economic recoveries.

The latest data now shows a 66% increase in job ads year-on-year.

Job ads have risen for the second consecutive month, after decreasing monthly since April.

Managing Director of Seek, Kendra Banks, said updated COVID-19 roadmaps have sparked the recent surge.

"The COVID-19 roadmap announcements in New South Wales and Victoria have encouraged businesses to move ahead with rehiring and preparing for the summer holiday period," Ms Banks said.

Source: Seek

Jobs by sector

Unsurprisingly, with the reopening of Victoria and NSW, hospitality and tourism ads have jumped 35.5%.

However, applications per job ad remain down, as Australians appear to be cautious when deciding their next career move.

"Many hirers are still finding it difficult to recruit. Month-on-month applications per job ad are down slightly by 0.8% nationally and remain significantly below pre-pandemic levels, down by 34.9% when comparing September 2021 to September 2019," Ms Banks said in September.

Recent data shows that many Australians have been impacted by the pandemic, resulting in stepping away from full-time employment or turning to freelance work to get by.

Admin jobs have now risen by 80% in the last year according to the report.

Job Ads by Industry

	Month-on-month Oct 21 v Sep 21	Year on year Oct 21 v Oct 20
Trades & Services	7.5%	41.8%
Heathcare & Medical	4.4%	42.0%
Hospitality & Tourism	35.5%	104.8%
Manufacturing, Transport & Logistics	9.4%	65.0%
Information & Communication Technology	3.3%	68.4%
Education & Training	12.3%	62.4%
Retail	6.3%	80.0%
Administration	11.8%	86.2%
Community Support & Development	9.7%	37.5%
Construction	6.2%	62.4%

Source: Seek

Job Ads by State

Source: Seek

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Provider	Base interest rate	Max interest rate	Total interest earned	Introductory Term	Minimum Amount	Maximum Amount	Account Keeping Fees	Min. Monthly Deposit	Min. Opening Deposit	Linked account required	ATM Access	EFTPOS Facility	as ofMay 1, 2025

	Bonus rate of 5.35%Rate varies on savings amount. 0.05^%_p.a.	5.40^%_p.a.	^$1,107		^$0	^$99,999	0	1000	0	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	More details
FEATURED	Savings Maximiser Deposit at least $1,000+ each month from an external source Make 5 or more eligible transactions. Grow your savings balance each month
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FEATURED Savings Maximiser Deposit at least $1,000+ each month from an external source Make 5 or more eligible transactions. Grow your savings balance each month More details Disclosure
	4.00^%_p.a.	Intro rate for 4 monthsthen 4.00% p.a. 5.45^%_p.a.	^$905	4	^$0	^$249,999	0	0	1	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	More details
FEATURED	High Interest Savings Account (<$250k) Bonus rate for the first 4 months from account opening No account keeping fees No minimum balance
Disclosure
FEATURED High Interest Savings Account (<$250k) Bonus rate for the first 4 months from account opening No account keeping fees No minimum balance More details Disclosure
	Bonus rate of 5.10%Rate varies on savings amount. –	5.10^%_p.a.	^$1,044		^$0	^$99,999	0	0	0	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	More details
FEATURED	Save Account Deposit $500+ per month from an external source to earn the bonus interest. Tiered rates apply to savings balances.
Disclosure
FEATURED Save Account Deposit $500+ per month from an external source to earn the bonus interest. Tiered rates apply to savings balances. More details Disclosure
	4.75^%_p.a.	Intro rate for 4 monthsthen 4.75% p.a. 5.10^%_p.a.	^$984	4	^$0	^$99,999,999	0	0	0	$product[$field["value"]]	$product[$field["value"]]	$product[$field["value"]]	More details
	Savings Account
Disclosure
Savings Account More details Disclosure

High Interest Savings Account (<$250k)

Product Features

Bonus rate for the first 4 months from account opening
No account keeping fees
No minimum balance

Total interest earned$905

4.00 % Base interest rate

5.45 % Max interest rate

Intro rate for

then

4.00%

More details

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Aaron Bell

Aaron joined Savings.com.au in 2021. He is a finance journalist with a keen interest in property, the share market, and improving financial literacy in young Australians.

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