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Spotlight on the Internet Vacancy Index

The Internet Vacancy Index (IVI) explores opportunities in the labour market at a detailed occupational and regional level.

The Department of Jobs and Small Business has today released new IVI data for July 2018.

The IVI provides a monthly count of Australian job advertisements newly lodged on three job boards – SEEK, CareerOne and Australian JobSearch.

Data is available for around 350 occupations by skill level and by state and territory, dating back to January 2006. Regional job advertisement counts are also available back to May 2010.

According to research of employers’ most recent vacancies, conducted by the department, the IVI covers an estimated 68% of all vacancies advertised on the internet.

Labour Market Analyst Ivan Neville said the IVI gives a real insight into the current state of the jobs market nationally.

‘The IVI provides a wealth of valuable information on current opportunities available in the labour market, as well as how the level of these opportunities are changing over time,’ Ivan said.

A graph showing a correlation between the Internet Vacancy Index and the Unemployment Rate.

The IVI generally moves in line with other key labour market indicators, including the unemployment rate which has a strong relationship with the IVI

‘It is helpful for people looking for work and anyone thinking about a job change to be aware of where job vacancy opportunities exist to help inform their job search. The strength of the IVI is that it provides this information at such a detailed occupation and regional level,’ Ivan said.

‘People looking for work are more likely to gain employment if they remain flexible in their job search, particularly in terms of job location, job type, hours worked and pay.’

Over the year to July 2018, job advertisements as recorded by the IVI grew by 4.7% to stand at 182,400, with opportunities found across all skill levels.

Read more about the Internet Vacancy Index or subscribe for updates on the Labour Market Information Portal

Find career information, including industry and job profiles, on Job Outlook.


Correct at time of publication

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Last modified on Thursday 30 August 2018 [8531|94281]

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