The current demand for jobs in farming, animal and planet specialists is at a record high in Australia. CommSec senior economist Ryan Felsman outlined that the unusually high summer rainfall in regional areas had boosted employment openings.
‘With the end of the drought, significant rainfall, improved seasonal growing conditions, elevated soft commodity prices and strong global demand for food and beverages, demand for farmers, skilled animal and horticultural workers have all surged with job ads at record highs, says CommSec senior economist Ryan Felsman.
There were over 250 farmer related jobs advertised on the internet last month. This is a record for jobs advertised online since stats were first complied in January 2006.
Records were also set for skilled animal and horticultural workers with 1,606 jobs advertised, and jewellers, arts and other trades 1,157 jobs advertised.
Australian workers are also needed to care for others, with the current demand at record levels for health and welfare support workers at 2,095 ads and carers and aides with 11,905 ads.
The hospitality sector is also in desperate need of staff with 9,847 ads for hospitality workers and another 3,462 jobs currently available for food preparation assistants.
The major reason for so many new job positions being advertised is because restaurants and cafes had hired staff since the Delta outbreak lockdowns, and consumers began to show more desire to dine out again despite the spread of Omicron.
“’Australia’s labour market is tightening, despite recent disruptions caused by the surge in Covid-19 Omicron virus variant infections,” says Ryan Felsman.
In December 2021, 245,600 jobs were advertised online, marking a 46 percent increase when compared with the number of jobs advertised in February 2020 before the pandemic.
In 2021, job advertisements climbed by 37.4 percent or 66,900, with the Nationals Skills Commission compiling data from employment site Seek.
Australia’s Unemployment Rate Drops to The Lowest Level Since 2008
The unemployment rate in Australia has surprisingly dropped to 4.2 percent in December 2021 from the figures of 4.6 percent recorded in the previous month. The drop means that Australia is currently experiencing it’s lowest recorded levels of unemployment since 2008.
The Australian Bureau of Statistics (ABS) revealed that 64,800 people joined the workforce in December 2021 in a further recovery from last year’s Covid-19 lockdowns in NSW, Victoria and the ACT.
“Recovery in NSW and Victoria continued to have a large influence on the national figures, with employment in these two states increasing by 32,000 and 25,000 people between November and December,” says ABS head of labour statistics Bjorn Jarvis.
These figures takes employment back to where it was in May 2021 for these two states.
Bjorn Jarvis said the latest report provides an indication of the state of the labour market in the first two weeks of December, before the large increase in virus cases later in the month.
BIS Oxford Economics chief economist Sarah Hunter believes that based on the economic experiences of overseas nations it is suggested that the impact of the Omicron variant will be significant but short-lived, and less economically damaging than previous waves.
“Overall, the unemployment rate is set to remain below 4.5 per cent this year, and with businesses still looking to add staff this will create further upward pressure on wages and domestic inflationary pressure. Today’s data reinforces our view that the RBA will tighten the cash rate much earlier than they are currently signalling,” says Sarah Hunter.
4.2 percent is the lowest since August 2008 which was recorded just prior to the start of the global financial crisis when records were 4.0 percent.