Home Recruitment SEEK job ads' rise may mean labour market improvement

SEEK job ads' rise may mean labour market improvement

Online job ads portal SEEK says it has recorded 8.5% more jobs on the site this May compared to May 2016 and says this may be a sign of an improving labour market.

However, this did not translate to improved salaries, with May showing a slightly lower figure.

SEEK Australia and New Zealand managing director Michael Ilczynski said job ads for mining, resources and energy were up by 90% year-on-year, engineering by 31% and trades and services by 27%.

“Most states and territories across Australia experienced positive job advertising growth in May, which is suggestive of an improving labour market,” he said.

Victoria, the second largest labour market, saw job ads go up 9.1% year-on-year. Driving this growth was advertising across information and communication technology (up 11%), healthcare and medical (up 24%) and trades and services (up 23%).

“The big surprise has been the strength of the Western Australian labour market,” said Ilczynski. “Advertising on SEEK across the state increased 16.1% year-on-year in May, which is eight consecutive months of positive advertising growth on SEEK.

“This continued growth indicates that Western Australia appears to be finding its feet after a prolonged period of weakness.

“Encouragingly, the NSW labour market looks to be improving with job ads up 1.7% month-on-month and 4.6% year-on-year in May."

Job ads in South Australia were up 20.1% year-on-year, in Tasmania by 15.2%, in Queensland by 12.4% and in the Northern Territory by 9%.

However in the ACT, the job ads dropped by 0.5% year-on-year.

“Average advertised salaries on SEEK continue to rise in trend terms in Victoria, South Australia, Western Australia, Queensland and Tasmania, while in NSW, they started to ease after an extensive period of growth,” said Ilczynski.

“The industries that are showing the strongest growth in average advertised salaries are administration and office support; call centre and customer service; real estate and property and hospitality and tourism industries.”

As the end of the financial year approaches, Ilczynski said vacancies in the accountancy sector had seen no growth from March to May compared to the corresponding period in 2016.

He put this down to the rapid technological changes that the sector was facing.

David Hassett, managing director of The Hassett Group, a specialist recruitment agency for the accounting and finance sector, agreed with this assertion.

“Over the past 12 months there has been a lack of movement across the accounting sector, Hassett said. "We’ve seen senior redundancies and people choosing to stay in their current roles; this has created a market with less job opportunities and growth."


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Sam Varghese

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A professional journalist with decades of experience, Sam for nine years used DOS and then Windows, which led him to start experimenting with GNU/Linux in 1998. Since then he has written widely about the use of both free and open source software, and the people behind the code. His personal blog is titled Irregular Expression.