By Andrew RawnsleyPublished Aug 05, 2018 02:59:17The job market has shifted rapidly in the past year, according to data released by the Australian Bureau of Statistics (ABS).
According to data published today, the number of jobs created by Australians over the past 12 months has more than doubled from 9,500 to 20,700.
The jobless rate is at 4.5 per cent, down from 7.1 per cent in the same period last year, while the number who have taken on casual work has fallen by almost 2,000 to more than 5,500, the ABS said.
The number of people aged 15 to 64 with a tertiary qualification has more recently jumped by 7,000, or more than three times the growth rate seen in the labour market as a whole, according the ABS.
Job vacancies are at record highs, with nearly 40 per cent of jobs available for someone to fill, the agency said.
More than 1,000 companies have opened more than 100,000 new jobs since the end of August, and nearly a third of Australia’s job growth since 2015 has come from the construction sector.
There were 2.3 million job vacancies last month, according an ABS survey, and almost two-thirds of them were in the construction industry, which is where the bulk of Australia is located.
ABS data showed that construction jobs rose by 4.4 per cent last month to a record 1.76 million.
In other measures of the job-market, there were 7,500 fewer job offers for December, down 0.5 percentage points from December 2016.
And the number employed in Australia’s construction industry fell by 6.5, or 0.4 percentage points, to 1.4 million.