Today’s release of the Internet Vacancy Index (IVI) shows that job advertisements in Victoria have plummeted over the last 12 months.
The numbers show that for the year to September 2020, job advertisements have fallen 36 per cent in Victoria, or by 16,300.
This is on top of last week’s employment numbers that showed in September 55,000 Victorians left the workforce.
Queensland has now overtaken Victoria for second place in job advertisements, despite having 1 million fewer citizens.
Job advertisements in Victoria have gone from over 45,000 in September 2019 to just over 29,000 last month. This represents 16,000 fewer opportunities each month for those desperate for work.
We know from last week’s employment figures that not only are Victorians continuing to lose their jobs, but they are also giving up looking for work. These latest employment figures show why – the jobs simply aren’t there.
Comments attributable to Shadow Treasurer, Louise Staley:
“The Andrews Labor Government has failed Victorians and devasted the economy due to its bungled hotel quarantine program and woeful contact tracing.
”Labor’s lockdowns have crushed jobs in this state. This is why there are now more job advertisements in Queensland than in Victoria.
“Victorians looking for a job need a plan to get them back to work and back in business, and they need it today.”