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.
To view data, please visit:
About SEEK Limited
The purpose of SEEK Limited (ASX:SEK) (OTCMKTS:SKLTY) is to help people live more fulfilling and productive working lives and help organisations succeed. SEEK makes a positive contribution to people's lives on a global scale.
SEEK is the global leader in the creation and operation of online employment markets. Globally SEEK has relationships with over 700,000 hirers and 150 million candidates.
SEEK makes a positive contribution to people's lives through connecting more people to relevant job opportunities using its marketplace scale and technology to build radically more efficient and effective employment marketplaces.
SEEK is listed on the Australian Securities Exchange, and has been listed in the Top 20 Most Innovative Companies Globally by Forbes, and Number One in Australia.
SEEK has been recognised by AON Hewitt as an Employer of Choice ten years straight and is passionate about it's company's culture. SEEK is a leader in workplace diversity and inclusion.
For 20 years SEEK has been an integral part of Australians' job-search process, and as the country's leading employment marketplace is uniquely positioned to empower Australians with career, education and volunteer opportunities to create productive and fulfilling working lives.