Job Ads Continue to Boom
Michael Ilczynski, Managing Director for SEEK Australia and New Zealand, said our October data has revealed that hirers are keen to secure new employees ahead of the busy festive season and New Year.
"Advertising on SEEK is booming, this October we saw the largest rate of annual job ad growth this year," said Ilczynski.
"Fuelling this advertising uplift was positive growth across 28 of the 29 industries on SEEK this October.
"Nationally, for a second consecutive month, the Trades & Services industry offered the most job opportunities on SEEK, followed by Information & Communications Technology [ICT], Healthcare & Medical and Manufacturing, Transport & Logistics industries."
Jobs advertised on SEEK this October for the top advertising Trades & Services industry, commanded an average annual salary of $64,696.
"In terms of growth, while off a low base, the Mining, Resources & Energy sector, for the tenth month in a row, recorded the largest annual growth of all industries on SEEK, up 59 per cent y/y," Ilczynski continued.
STATES & TERRITORIES
Strong annual advertising growth was recorded across all states and territories this October.
"In our country's largest labour markets of New South Wales and Victoria, job ads were up 12.4 per cent y/y and 18 per cent y/y respectively. ICT was the top advertising industry in both states, followed by Trades & Services," said Ilczynski.
"While off a lower base, South Australia recoded the largest annual growth of all states and territories, up 24.5 per cent y/y. Trades & Services offered the most job opportunities across the state, with job ads for the industry up by a solid 62 per cent y/y," continued Ilczynski.
"The Western Australian labour market is still recovering but recorded an impressive 19.2 per cent y/y growth this October, with Trades & Services and Mining, Resources & Energy, offering the most job opportunities across the state," added Ilczynski.
In other states and territories, job ads were up:
- 21.2 per cent y/y in the Northern Territory
- 18.9 per cent y/y in Queensland
- 14.9 per cent y/y in Tasmania
- 12.7 per cent y/y in the Australian Capital Territory
INDUSTRY FOCUS - REAL ESTATE & PROPERTY
New job ads on SEEK for the Real Estate & Property industry rose 5 per cent y/y from August to October this year, when compared to the same months in 2016.
The fields across the industry offering the most jobs on SEEK from August to October this year were:
1. Residential Leasing & Property Management
2. Residential Sales Administration
3. Body Corporate & Facilities Management
"The eastern seaboard states of NSW and Victoria offered the most job opportunities for Real Estate & Property professionals this August to October, which mirrors where demand is greatest for property," said Ilczynski.
"Over the three years to October 2017, we've seen dwelling prices rise more than 20 per cent across Sydney and Melbourne.
"However, the property market has started to cool due to financial regulators clamping down on investment lending, plus there has been a number of additional taxes imposed by state governments on foreign buyers, and signs of greater restrictions on outbound Chinese investment in offshore property buying," continued Ilczynski.
"Even so, the level of job ads are travelling at a higher level than the same period last year [August to October], and average advertised salary across the Real Estate & Property industry for the August to October period is up by 5.4 per cent y/y to $74,835, " concluded Ilczynski.
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About SEEK Limited
SEEK Limited (ASX:SEK) (OTCMKTS:SKLTY) is a diverse group of companies, comprised of a strong portfolio of online employment, educational, commercial and volunteer businesses. SEEK operates across 18 countries with exposure to over 2.9 billion people and approximately 26 per cent of GDP. SEEK makes a positive contribution to people's lives on a global scale. SEEK is listed on the Australian Securities Exchange, where it is a top 100 company with a market capitalisation close to A$6billion and has been listed in the Top 20 Most Innovative Companies Globally by Forbes, and Number One in Australia.