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Thursday, 16 May 2019 10:33

IT sector hit by slump in jobs advertised for April: report Featured

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IT sector hit by slump in jobs advertised for April: report Image Stuart Miles at FreeDigitalPhotos.net

The number of job advertisements declined markedly in Australia in April, with the Information and Technology sector hit by a 6.4% drop in jobs advertised nationally, according to a new report from Australia's largest jobs board.

The latest employment report from SEEK revealed that overall, across all sectors, there was a decline of 8.9% in jobs advertised compared to April 2018.

And job ad growth in industries related to the decline in the public service continued to outperform other sectors, including Education & Training (+11.9%), Healthcare & Medical (+3.7%) and Government & Defence (+2.3%).

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In fact, education & training topped the list in April 2019 for sectors showing the most growth, and within this roles for Tertiary Teaching (+33%) saw the greatest growth, followed by Secondary Teaching (+21.1%), Early Childhood (+13.7%) and Childcare and Outside School Hours (+10.5%).

“From 2014, we saw consistent growth in job ads which reached a ten-year peak in April 2018. Due to a range of factors, including easing of the macroeconomic conditions, the rate of job ad growth has cooled since April 2018,” said Kendra Banks, managing director, SEEK ANZ.

“This combined with the perfect storm of public holidays, with ANZAC Day and Easter seeing many employees taking increased annual leave and the upcoming election, resulted in April 2019 job ad figures being notably down year on year.”

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Banks said Education & Training and Healthcare & Medical were less susceptible to economic cycles as the sectors are on a “long run structural uptrend”.

“The uptrend is fuelled by population growth, international student demand and greater industry demand for qualifications," she said.

“This means these sectors are likely to top the leaderboard during periods of softening economic growth.”

And according to Seek, despite the slowdown in job ads, the average advertised salary across Australia in April was up +4.1% on last year.

“We continue to see strong growth in salaries across Queensland (+4.6%), NSW (+4.5%) and WA (+4.2%), with all states showing an increase,” SEEK noted.

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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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