Index records jobs ads bouncing back in June


Labourforce Impex Index records an end to three months of declining labour demand, but how long will it last?

Index records jobs ads bouncing back in June
Demand for labour in the transport sector bounced back in June

 

The Labourforce Impex Transport, Supply Chain and Logistics jobs index has returned to a growth phase, with an increase in jobs being advertised in the sector during June.

The index rose 1.1 per cent over the month, arresting a three month period of decline.

Labourforce spokesperson Paul McLeay says the positive turnaround comes on the back of businesses taking advantage of new tax deductibility rules in the lead up to the end of the financial year.

"Last month, we observed that the Federal Government’s tax break for small business may provide some stimulation to the Transport, Logistics and Supply Chain market," he says.

"This assessment looks well-founded. All the growth in June was in temporary and contract hiring. It rose 3.9 per cent, while permanent recruitment rose only 0.1 per cent."

It is therefore not clear if the recovery will be sustained further into the year.

The month-by-month improvement in the index occurred across all states, with NSW seeing the biggest jump in job advertisements.

The state’s index rose 3.7 per cent over the month, and represented one third of all transport vacancies in the country.

Even the Western Australian market, which has been in near free-fall with the wind-down of the resources boom, enjoyed a temporary reprieve from its steep downward trajectory. Advertised jobs there fell by 1.2 per cent only, having seen a downturn of over 25 per cent over the past six months.

Nationally, white collar occupations were more represented in job advertisements in June. Roles in management and clerical functions rose by 2.7 per cent and 4.0 per cent respectively over the month.

In contrast, functional transport roles across all modes experienced a shrinking market overall.

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