Thursday, 13 June 2019 13:55

Technology, science sectors see ‘modest growth’ in job ads: report

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The technology and science sectors are amongst the strongest contributors to the employment market, with the sectors experiencing a modest growth in job ads compared to this time last year.

The latest report on Australia’s employment market from jobs board SEEK shows that technology and science job ads were up by 0.3% in May, while in all other sectors overall job ads were down by 6.5% compared to May 2018.

And average advertised salaries across all market sectors were up by 3.4%, with Tasmania, for the fifth month in a row, leading salary growth (5.8%) followed by WA (4.3%).

SEEK also reports that in May:

  • The four industries positively contributing to the job ad volume include: Education & Training, Healthcare & Medical, Mining, Resources & Energy and Science & Technology;
  • The top five industries showing salary growth are Advertising, Arts & Media, Banking & Financial Services, Community Services & Development, Trades & Services, Human Resources & Recruitment;
  • All states are showing a decline in job ad volume except Australian Capital Territory (+12.9%); and
  • Seek reported that job ad growth in industries related to the public service continued to perform including education & training (+11.9%) and healthcare & medical (+3.7%).

In addition, SEEK said jobs ads for Mining, Resources & Energy (+5.3%) continue to rise with the industry consistently driving job ad growth since the beginning of the year.

Kendra Banks, managing director, SEEK ANZ, said: “It has been interesting to see that job ad volumes have moderated in May after a pronounced drop in April. We suspected that April advertising was heavily impacted by multiple public holidays and the lead up to the Federal Election, and our data has verified this hypothesis.

“While May job ad volumes are still down from 2018 it is important to note that 2018 was somewhat of an anomaly with the highest [job ad volumes] in the past decade. If we compare May 2019 to May 2017, we can see that this month had 3.0% more jobs advertised.

“As Australian businesses work through the outcomes of the Federal Election and set their 2020 financial year budgets, it will be interesting to see which industry groups commit to new headcount.

“Our data is showing strong growth across education & training and healthcare & medical sectors, and we will watch these sectors closely as we head into what is traditionally the busiest recruitment period of the year.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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