SEEK Employment Trends Australia: banking and finance industry a good investment for job-seekers

SEEK’s latest Employment Report reveals that the banking and finance industry is a good investment for job-seekers, with employment opportunities increasing 17% year-on-year (YoY) to February 2015.

The specific sectors that triumphed in the banking and finance industry were analysis and reporting, with new job ads up 55.3% YoY, banking (corporate and institutional) up 44% YoY, compliance and risk up 42.6% YoY and funds management up 40.7%.

SEEK Managing Director of Employment and Learning, Joe Powell, says the pattern of advertising trends across industries closely mirrors the transitioning Australian economy where service-oriented roles are in growth. Overall, the amount of new jobs advertised fell 3% month-on-month in February (despite January’s 5.6% rise); however, the Australian labour market continues to progress and is in better shape now than in February last year, with new job ads up 7.3% from February 2014.

Powell went on to say, “the factors across the economy we’re seeing, such as low interest rates and lower petrol prices, are helping to maintain a degree of optimism in the employment market. Furthermore, the recent historic high number of dwelling construction approvals is having a positive flow-on effect to labour demand for supporting services. The rate at which these factors continue to support the labour market is unknown and something we continue to watch,” says Powell.

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