The Internet Vacancy Index (IVI) is a monthly data series measuring online job advertisements, compiled by Jobs and Skills Australia.
IVI data count job advertisements newly lodged on the SEEK, CareerOne and Workforce Australia online job boards during the reference month. These job advertisements are coded to a fine level of detail by Jobs and Skills Australia, with data available by occupational groups (down to the 4-digit ANZSCO level), skill level groups and by state or territory as well as a best-fit regional geographical structure. The IVI is the only publicly available source of detailed information of this kind.
All job advertisements newly lodged on the contributing job boards for vacancies within Australia during the reference month fall within scope of the IVI.
IVI monthly results have been compiled into a time series that dates back to January 2006.
- The regional series was added to the IVI in 2010, hence regional IVI results are not available prior to that time.
The IVI is based on administrative data provided by contributing job boards and as such is not subject to the sampling error present in survey-based estimates.
The IVI can be used as a proxy for the level of Australian recruitment activity and an indicator for labour demand however there are some important conceptual limitations described following that can help you to best understand the data.
The IVI does not reflect the total number of job advertisements in the Australian labour market.
- The IVI does not account for jobs advertised through other online job boards, employer websites, social media, newspapers, or other informal methods such as word of mouth.
- The IVI does not take account of multiple positions being advertised in a single job advertisement.
Job vacancies and job advertisements are different. Some employment opportunities are not advertised by employers, who may instead fill their vacancies via internal promotion or alternative recruitment methods.
Online job advertisements can be slightly biased towards higher skilled positions. Employers with lower skilled vacancies tend to use informal recruitment methods like social media or word of mouth more regularly (see Recruitment Experience and Outlook Survey findings).
As part of JSA’s IVI data preparation process, job advertisements are coded to:
- Occupation at the 4-digit ANZSCO (Australian and New Zealand Standard Classification of Occupations) level of detail.
For more information on the ANZSCO framework please visit the ABS website.
- Skill Level group.
Job advertisements that cannot be coded to at least this level of detail are dropped from the IVI count due to insufficient information.
Job advertisements are coded to the IVI Regional structure comprising 37 best-fit labour market regions. If a job advertisement cannot be coded at the regional level of detail it is assigned to an ‘other regions’ group for the state or territory to which it is coded to.
Duplicate job advertisements are also removed as part of the IVI coding process. The IVI coding accounts for both ‘within site’ and ‘across site’ duplicates in its de-duplication process:
- Within site duplicates refer to duplicate job advertisements posted to the same job board during the reference month.
- Across site duplicates refer to duplicate job advertisements posted to multiple contributing IVI jobs boards during the reference month.
IVI coded results are compiled into a monthly time series and seasonally adjusted and trended.
- Each individual job advertisement series is seasonally adjusted and trended separately.
- The separate seasonal adjustment and trending processes mean IVI seasonally adjusted and trended results are non-additive.
Jobs and Skills Australia applies seasonal adjustment and trending to the IVI results to account for the pronounced seasonal patterns within the Australian labour market and to reduce data volatility. This helps with the identification of underlying data trends.
The correspondence files can be used to understand the relationship between IVI Regions and other geographic units.
The files list the geographic units which make up each IVI Region. Geographic units that do not fall entirely within a single IVI Region are given a percentage according to how much of the population falls within the IVI Region. For these IVI Regions the correspondence method may lead to small errors.
The correspondence files contain ABS quality ratings which indicate how closely the geographic units match each IVI Region. Care should be exercised in using correspondence files to convert data from one geographic basis to another particularly where the quality rating is ‘Poor’, as the resulting data may not reflect the actual characteristics of the geographic areas involved. Further information about the ABS quality ratings is available from the ABS website.
Please note that the correspondence files are based on the total population counts at the time of the 2016 Census.
The Vacancy Report usually focuses analysis on the trend IVI data series. Trend analysis provides a more stable series for comparisons over time however, such analysis is initially resistant to large movements and does not fully capture monthly fluctuations in job advertisements following an economic shock. Accordingly, Jobs and Skills Australia has temporarily shifted the focus of the analysis in the Vacancy Report to the seasonally adjusted IVI series during the COVID-19 period.
The decision to return to reporting on the trend series generally depends on the ongoing effects of the external shock and can vary for different series. While reporting continues to make use of seasonally adjusted data, assessments are being undertaken with a view to returning to reporting on the trend series.
Reference month: refers to the entire month from which the IVI data is compiled. The reference month has a one-month lag to the month of data release.
Newly lodged job advertisement: the IVI only counts job advertisements newly posted to contributing jobs boards during the reference month.
Contributing jobs boards: The IVI has the defined scope of covering job advertisements posted to SEEK, CareerOne and Workforce Australia online.
Level: the amount of detail a data series corresponds to within the hierarchy of the given downloadable IVI file.
ANZSCO code: the Australian and New Zealand Standard Classification of Occupations code. At the 2-digit level JSA has aggregated customised 2-digit ANZSCO groups that better fit the structure of job advertisement postings.
ANZSCO title: the Australian and New Zealand Standard Classification of Occupations title.
- At the 2-digit level JSA has aggregated customised 2-digit ANZSCO groups that better fit the structure of job advertisement postings.
Jobs and Skills Australia thanks Seek, CareerOne and Workforce Australia for their ongoing contribution to the IVI.