September Supply Chain and Procurement Job Market Update

22 September 2020

According to the Australian Bureau of Statistics the unemployment rate actually dropped between July and August by almost 9%. Full time employment increased by 36,200 and part-time employment increased by 74,800. This is despite Victoria being totally locked down under stage 3 restrictions.

Despite the positive job market data release, job seekers are still reporting it being hard to find work. This is especially so in Victoria which was the only state to report a rise in unemployment in the August seasonally adjusted figures.

The latest data should provide some confidence that the initial predictions of an unemployment rate of 10% by the end of the year (RBA and Treasury) may have been overly pessimistic.

We’ve been tracking job advert volume by state on both Linkedin and Seek for adverts listed with the keywords “Supply Chain” and “Procurement”. Below is the comparison for job adverts posted in week 3 August versus week 3 September:

NSW – Supply Chain jobs are down 5% on Linkedin and remain the same on Seek. Procurement jobs are down 4% on Linkedin and up 11% on Seek.

VIC – Supply Chain jobs are down 6.5% on Linkedin and up 2% on Seek. Procurement jobs are down 2% on Linkedin and up 3% on Seek.

QLD – Supply Chain jobs remain unchanged on Linkedin and up 11% on Seek. Procurement jobs are down almost 4% on Linkedin and up 6% on Seek.

TAS – Supply Chain jobs are up 64% on Linkedin and down 6% on Seek. Procurement jobs are up 14% on both Linkedin and Seek.

WA – Supply Chain job adverts are up 27% on Linkedin and 14% on Seek. Procurement jobs are down 1% on Linkedin and up 3% on Seek.

NT – Supply Chain jobs remain unchanged on Linkedin and are up 2% on Seek. Procurement jobs are up 23% on Linkedin and down 13% on Seek.

Overall Supply Chain job advert volumes were down 1.5% on Linkedin and up 4% on Seek. Procurement jobs were down almost 3% on Linkedin and up 8% on Seek.

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