SEEK Employment Trends Australia: an economy of mixed fortune still favours employment
Despite Australia’s topsy-turvy market conditions – SEEK’s data shows employment opportunities are looking better than this time last year.
SEEK’s latest employment data shows FY15 closed with a 10.8% year-on-year growth in new job advertisements across Australia (slightly ahead of the ANZ total market report, showing a 9.9% increase in new job ads during the same time period).
The SEEK Employment Index, the only index in the Australian market to measure supply against demand, recorded an 11% rise. This increase means there are fewer applications per job than in the previous year.
Managing Director of Employment at SEEK, Michael Ilczynski, says that given the complex dynamics happening in the economy right now, it is encouraging to see employment opportunities are still being created.
“Our data reveals an improvement in the labour market from a candidate’s perspective. The slight decline in applications per advertisement in New South Wales, and the uptick we’ve seen in advertised wages over the year in Victoria, presents good news for those considering a job change in those two states particularly. Unfortunately, over the past 12 months, we’ve not seen opportunities for job-seekers in Western Australia look as promising,” says Ilczynski.
There were a number of industries that demonstrated exceptional year-on-year growth within their sector.
Biggest advertising industries for FY2015
- Trades and services (up 18% year-on-year).
- Healthcare and medical (up 15% year-on-year).
- Information and communication technology (up 13% year-on-year).
- Sales (up 6% year-on-year).
- Accounting (up 4% year-on-year).
Top 5 industries for percentage job ad growth between FY2014 and FY2015
- Design and architecture (42%).
- Farming, animals and conservation (29%).
- Trades and services (18%).
- Marketing and communications (17%).
- Banking and financial services (17%).
There are also some industries that stand out as feeling the greatest impact of the skills shortage in Australia. Of the 29 industries SEEK analysed, the five most in need of labour resources included: law, real estate, insurance and superannuation, education, and government and defence. The data also reveals that typical salaries in these industries easily exceed the national average of $76,000 per annum.
In the short to medium term, the largest employing industries are likely to continue to offer the greatest opportunities, and people may be surprised to see the variety of opportunities on offer, says Ilczynski.
“For example, in information technology we’ve got emerging roles such as app developers and highly-specialist developer roles. Keeping across new jobs is made easy with SEEK Profiles and also the job recommendations we are now sending to millions of Australians every day.”
- FY15 SEEK new job ads up 10.9% from FY14.
- Australia’s largest advertising industries remain strong.
- New South Wales remains a stand-out performer over the past financial year, with 19.3% more new job ads than FY14.
- Western Australia is the only state in which job ads are below year-ago levels.