2021 Perth job market update

As we navigate through this difficult time of Covid-19, we will be posting regular updates on the state of the Perth job market. Click the video below to watch our latest update:

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The Perth job market is booming. From May, 2020 until today, we've seen the biggest ever increase in the number of new job ads posted on Seek for Perth in such a short period of time.

The main driver of this has been the Federal Government. Since April last year, the government has implemented a number of initiatives to pour money into the Australian economy. The biggest of which is Jobkeeper with $101 billion distributed, it has been able to support 3.5 million people.

Because of these payments, WA businesses have had great operating conditions during the COVID-19 pandemic. Subsequently, employer confidence in WA is high and the number of ads posted on Seek, Perth, is a great reflection of this.

Every morning, since 2008, I have recorded the number of job ads posted on Seek for Perth - and when COVID-19 seriously hit Australia, in a span of just five weeks from March 13th to April 20th, the number of job ads posted for Perth dropped by 63%.

This was a massive drop.

Yes, it was the same percentage drop we saw during the GFC. However, during the GFC, this occurred over a six month period, whereas it only took five weeks from the first COVID-19 lockdown.

After this massive drop in the job ads, we have had an amazing recovery. Not only have we recovered all the job ads lost, but there are now more ads posted on Seek for Perth than there were before COVID-19. Actually the speed of the recovery has been amazing. We went from 3,500 ads on the 1st of May to 15,500, which is an increase of over 300% in a span of just nine months.

We have not had this many job ads posted on Seek, Perth, since 2012, - the year where the post GFC mining boom ended. The number of job ads are likely to continue to climb as the Australian borders remained closed, and we have no immigration to boost the workforce.

According to the Federal Government's October budget, Australia's overall population growth is expected to be just 0.2% in 2021 - and it's the slowest growth in over a century. Additionally, we have no travelers coming in with working holiday visas either, so many employers in WA will most likely find it difficult to source new employees in 2021. However, for the job hunters, this is great news as there'll be more opportunities, more jobs to choose from.

I hope you found this informative, valuable. Thank you very much for your time for watching.

11 Recruitment - Christian Madsen
Christian Madsen
Managing Director
11 Recruitment

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