find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Job ads up as demand strengthens

Job ads up as demand strengthens

The outlook for employment in 2010 is already looking positive with total employment in the Australian economy reaching a record 11 million in Feb­ruary and total job advertisements…

The outlook for employment in 2010 is already looking positive with total employment in the Australian economy reaching a record 11 million in Feb­ruary and total job advertisements continuing to increase since February.

The positive news was revealed in this month's ANZ job advertise­ment series which noted that although small, the 1.8 per cent increase in job advertisements in March is eight per cent higher than in March 2009.

And the modest growth in March should be considered very strong, ac­cording to the survey, following a huge jump of 19.1 per cent in February.

Total job advertisements are now 29.9% above their cyclical trough expe­rienced in July 2009, although they remain below the all-time peak reached in April 2008.

"This month's continuation in job ads growth suggests labour demand is strengthening in early 2010 and confirms the rapid improvement in eco­nomic conditions in Australia over the past six months," says ANZ's chief economist Warren Hogan.

Hogan continued by saying the steady increase in labour demand is al­ready translating into solid employment growth and reduced unemploy­ment, even during the current period of relatively strong population and labour force growth.

"The unemployment rate is now sitting around 5.3 per cent. We ex­pect it to ease down through the rest of 2010, although small, temporary wobbles are likely, depending on the monthly interaction between growth in the labour force, in jobs and hours worked. The unemployment rate is likely to stabilise around five per cent or a little bit lower over the year ahead," he says.

According to Hogan, in the near term the forward indicators contin­ue to point towards more employ­ment growth through 2010 although he says the pace of growth will vary and is likely to be slower than in the jobs boom seen over the past six months.

Hogan says he expects another rise in total employment in April and that labour demand will translate into jobs growth of around 12,000.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Job ads up as demand strengthens
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...