Significant Fall in Australian Job Ads Seen, Says Seek's Banks

The video discusses the labor market situation in Australia, highlighting high unemployment rates and the potential for further decline. It examines the impact of COVID-19 on job advertisements across industries and the effects of reduced foreign labor on the Australian job market. The video also explores global employment trends, particularly in Asia, and the role of retirees in the post-pandemic labor force. Finally, it reviews government policies aimed at job retention, such as Australia's JobKeeper program, and the cautious approach of employers towards hiring.

What trends are observed in the job market regarding retirees during the pandemic?

What role does the JobKeeper program play in the Australian labor market?

What factors are influencing employers' hiring decisions in the current economic climate?