Job vacancies in Australia rebound in November quarter to interrupt 9 straight quarters of declines

Figures from the Australian Bureau of Statistics (ABS) confirmed vacancies bounced 4.2% within the three months to November, partly reversing a 5.6% drop within the earlier quarter.

Job openings had been down 10.3% from the identical interval a 12 months earlier at 344,000, however nonetheless 51% greater than earlier than the COVID-19 pandemic hit.

Vacancies within the personal sector firmed 4.7%, whereas these within the public sector edged up 0.4%.

Vacancies rose in 14 of the 18 industries coated, with the biggest proportion features in lodging and meals companies, and humanities and recreation. These helped offset falls in building and schooling.

The labour market has confirmed unexpectedly resilient in latest months at the same time as financial development total slowed to a crawl, with unemployment falling again to an eight-month low of three.9% in November.

(Reporting by Wayne Cole; Modifying by Saad Sayeed)