Online employment directory Seek has raised its profit forecast as businesses across Australia, and New Zealand, are hiring more workers than expected. On Tuesday (pdf), Seek revised the forecast for its 2021 financial year net profit from $100 million to $140 million and its net income from $460 million to $480 million. Seek reportedly had the highest number of job ads in March on their website since their inception, which had a 75 percent increase over the year and a 10.3 percent increase over the month. The three industries with the highest growth in job ads were hospitality and tourism, services, and healthcare. The former two suffered particularly hard from the lockdowns and experienced many job cuts. As the economy shows strong signs of recovery, companies are once again looking to hire and Seek found that the number of applications per job advertisement is at its lowest level since 2012. …
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