WA job market update 2020

We will be posting regular updates on the Perth job market as we navigate through this difficult time of Covid-19

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COVID-19 had a massive impact on the Perth job market. For example, Mandurah now has the highest unemployment rate in Australia. It stands at 18%, close to one in five are unemployed.

Another way of looking at the job market is to look at the number of job ads posted on Seek in Perth. Every morning since 2008, I go in and log in a spreadsheet how many ads are posted on Seek Perth.

These job ads reflects employers' hiring intentions - how strongly they feel about their business moving forward? 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 on Seek Perth dropped 63%. It's a massive drop. Actually it's the same percentage drop we saw during the GFC. It was also 63%, although it took six months to get there during the GFC, it took just five weeks during the COVID-19.

So after this massive drop in job ads, are we now recovering? And if so, what kind of recovery do we have? Do we have a hockey stick kind of recovery, where we go slowly back up or a W where we go up and down and up and down, or a V shaped kind of recovery? Although not many operative V-shaped recovery.

Amazingly, not only have we had a V shaped kind of recovery, but we have also recovered all the job ads lost. In fact, we've done even better. There are now more ads posted on Seek Perth, than when the downturn started on March 13th. Today we have 12,500 job ads posted. This is the same amount we had in the beginning of February. It's actually the highest number of jobs that's posted on Seek Perth since 2014. And that worth to celebrate.

One would expect that these job ads will be filled soon and the unemployment in not only Perth, but also Mandurah should begin to drop again. And that's the good news.

We can thank the Federal Government for keeping the money flowing during this pandemic. They moved very quickly in March and April. We can also think the WA Government for keeping the borders closed. The border closure, had a massive impact on eradicating the community infection and stopping its spread.

I hope you found this valuable and thank you very much for watching and stay safe.

  • Hi Christian, thanks for sharing these valuable insights. The decline has certainly been felt across all industries. Given the curve dropped so dramatically within 4 weeks – it will be interesting to watch the road to recovery and if this will take 4 weeks or equally long as GFC recovery. Thanks again for sharing!

    • Michael Taub says:

      Hi Meike,
      Thanks for your comment. Keep a lookout for Christian’s next video which should be released pretty soon. That will help answer some of your questions.

  • Hi
    Do you have this for the rest of Australia
    Lindsay

    • Michael Taub says:

      Hi Lindsay,

      Thanks for your interest. Currently we only provide this analysis for Western Australia job market.

  • Hi Christian, very interesting thank you for sharing.

  • Gary Conigrave says:

    Thanks, It’s always better to know…about these things anyway.

  • Warren Niblock Bell says:

    Thanks Christian,

    Apprieciate the email and information.

    Kind Regards,

    Warren

  • Petra Cipriani says:

    Very interesting to see that my sector education and training increasing in job demands

  • Veronica Kumasan says:

    Hi, Christian,
    This is good for many who seek job on line. It will assist and motivate their understanding on how the jobs in Australia are marketable in various Industries.

  • Very well summarised Christian, I am intrigued to know if your prepared to forecast how the jobs market will be from supply, & services through to retail for the remainder of 2020

  • Alexander says:

    All I have seen and heard on the news about massive lay offs in all secures of all busineses

  • Great analysis of job market in WA,we hope for better numbers with the expectation on new mining development planned for next year. Thanks for sharing Christian!

  • Christian, brilliant work & appreciate your sincere views & stats on industries in WA, I would say that we are on an upwards trend with some bearish in betweens but overall there is some growth in WA.

    • Glad to hear you liked it Richard. Yes, the market is positive. We have more vacant jobs than we have had in the past 5 years.

  • Thank you Christian. It’s very interesting information. I was just searching for this information today! By the way, do you have any survey for the other states as well? How about Linkedin figures? Kind regards, Gilani

    • Hi Gilani, Glad to hear you found it interesting. If you tell me exactly what type of sections on SEEK you are interested in then I will try to include them in the next update.

  • I’ve been looking job for 3 months and haven’t got any, this is the job market in WA Perth.

    • Sorry to hear Indra you have been looking for this long. If you have done it already I suggest you download some of our free e-books on how to write “Great Cover Letters” and “7 top CV improvements”. Hope they will assist you a little.

  • Thanks for the update Christian. Always very informative, though not good news for WA this time. Would you be able to do another analysis of the eastern states?

  • Christian Rasmussen says:

    Thanks Christian, some good insights into the current WA job market.

  • Wow.. Christian .. great analysis.. Request you to please do the same for Melbourne. I am new to Australia. Currently in Perth, but looking out for jobs both in Melbourne /Perth

  • Thanks for the market analysis Christian. I’m suspecting more blood on the streets as the Banking RC recommendations unfold. I was in that industry for many years and feel for my friends & ex-colleagues who are facing an uncertain future.

    • One solution for the job hunters is to sharpen up their CV hunting skills including their CV and Cover Letter. As an example, 90% of the job applications I see are poor in presentation and job match. They are not even in the running for the job. Hence, I just launched a CV writing service to assist applicants getting closer to a job interview.

      • Very interesting and thanks for sharing your insight, Christian!!!
        How can I reach out to you if I would like to benefit from your CV writing professional services in Agile space? Thanks

  • John Salat says:

    Hi Christian,
    Very interesting numbers. I am following both seek and also Linkedin.

    • God to hear John you found the numbers interesting. I will keep you posted next time I update the video.

  • Great insights Christian. Some promising developments ahead for 2019 it appears in WA.

  • Hi Christian, great work on the numbers, I love numbers! I’m just interested to understand if you are able to involve any LinkedIn stats in this mix. I believe a lot of people are moving from Seek to LinkedIn for their hiring and job search needs in the professional sector. That dynamic is the biggest question I have over the numbers. Perhaps it makes the increase in job ads on Seek all the more impressive. Thanks in advance. Richard

    • Hi Richard, I do not include LinkedIn in the stats as they are not available. However, LinkedIn has a very small marketshare and very few (almost none) advertise on LinkedIn alone. Everyone advertise on SEEK if they advertise…

  • Peter Banovich says:

    Interesting analysis Christian, thanks.

    • Good to hear Peter – Let me know if there are any SEEK categories you would like to explore more for you.

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