The four year dream run of year-on-year increasing demand for employed solicitors has come to an end.
The number of internet job advertisements for solicitors last month was the first May since 2014 with lower job vacancies compared to the previous year.
In May 2019, the number of job advertisements for solicitors was down by 2.4% compared to May 2018. This is after four years of annual increases since May 2014: 9.7%, 5.5%, 13.7% and 4.2%.
The downward turn is even sharper for all-occupations (Australia-wide) with the downturn in job ads in May 2019 of negative 6.2%.
Was this turn in the employment market the result of fear and uncertainty due to the Federal Election? We’ll know in coming months.