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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SEEK Insights & Resources

SEEK is the destination of choice for job-seekers and hirers in Australia, acting as the conduit between hirers looking to fill vacant roles and candidates looking for work across many and varied industries. SEEK's mission is to help people...

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