The latest Australian Bureau of Statistics quarterly Job Vacancies Survey shows job vacancies are up

Jobs comeback: People line up at Centrelink Hurstville in March at the start of the COVID-19 pandemic. Picture: Chris Lane
Jobs comeback: People line up at Centrelink Hurstville in March at the start of the COVID-19 pandemic. Picture: Chris Lane

The latest Australian Bureau of Statistics job vacancy figures released yesterday have shown total job vacancies increased 23.4 per cent in the last quarter.

The quarterly Job Vacancies Survey contains estimates of job vacancies classified by industry, sector and state/territory.

It found there were 254,400 more job vacancies in the last quarter, which covers August to November 2020.

The number of available positions rose from 206,000 in the previous quarter.

It comes as a survey found 33 per cent of unemployed people who are looking for work are extremely stressed with their current financial situation, while a further 57 per cent are somewhat stressed.

The survey, by Finder, also found 92 per cent of unemployed Gen Y jobseekers (those born 1981-1996) were financially struggling, compared with 87 per cent of those in Gen X (born 1965-1980).

Finder personal finance expert Kate Browne said the increased labour demand was good news after job vacancies bottomed out at 129,000 in May 2020.

"A renewed boost in hiring is a really promising step in Australia's recovery," she said.

"The number of job vacancies are greater than they were when the pandemic hit, which is a much quicker rebound than many would have expected.

"Many have been doing it tough, so to see this boost in job openings before international borders reopen and before the vaccine is available is really welcome.

"To be running out of money and up against hundreds of other people going for a few jobs would have been a very desperate position for Aussies.

"Thousands had to be laid off, but now businesses need workers and they are furiously advertising roles and interviewing."