The number of active job postings in the Aerospace and Defense sector of Australia decreased by 3.4% MoM, and decreased by 12.43% since October 2023, reaching 768 active job postings in January 2024.
A total of 152 new jobs were posted in January 2024, witnessing a decrease of 16.48% as compared to the previous month. On the other hand, 179 jobs were closed in the same month implying that companies took out 25.73% fewer jobs than the month earlier. For the period from October 2023 to January 2024, the number of new jobs posted decreased by 28.3% and the number of jobs closed decreased by 19%
In terms of Compound Monthly Growth Rate (CMGR) between October 2023 and January 2024, the number of new jobs posted observed a negative growth rate of 10.5%, the number of active job postings observed a negative growth rate of 4.33% and the number of jobs closed observed a negative growth rate of 6.78%. Between October 2023 and January 2024, the average number of jobs posted stood at 202, number of jobs closed stood at 231 and number of active jobs stood at 823.
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