Jobs Ads Start Strong, but whatís Ahead?

As is usual for this time of year, the number of advertisements counted in January decreased. However, when applying the ABS seasonal adjustment factors that compensate for the holiday period, the Olivier Job Index recorded a small increase of 1.54% seasonally adjusted bringing the index to 437.73. This follows the substantial growth in demand over December of 9.11% seasonally adjusted. The correction which we would have expected to see while companies took a summer vacation did not occur and by week five in January, demand had returned to pre-Christmas levels.

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