SEEK Advertised Salary Index - September 2023
NATIONAL ADVERTISED SALARY TRENDS
- Advertised salaries rose 4.8% in the year to September, the same as in the year to August.
- Month-on-month ASI growth fell slightly from 0.5% in August to 0.4% in September.
Figure 1: Year-on-year growth of SEEK Advertised Salary Index
Note: seasonally adjusted.
Source: SEEK.
Figure 2: Month-on-month growth of SEEK Advertised Salary Index
Note: seasonally adjusted.
Source: SEEK.
– Notes –
The data for the SEEK ASI can be found here. When reporting SEEK data, we request that you attribute SEEK as the source and refer to SEEK as an employment marketplace.
Commentary relating to the SEEK ASI can be attributed to Matt Cowgill, SEEK Senior Economist.
About the SEEK ASI
The SEEK ASI measures the change in advertised salaries over time for jobs posted on SEEK in Australia, removing much of the effect of compositional change. The SEEK ASI is a complement to existing data about the growth in wages and salaries in Australia, including the ABS Wage Price Index (WPI). The WPI is a measure of the pace of wages growth across the economy, for jobs that are currently occupied. The SEEK ASI provides a timely and frequent read on the pulse of advertised salary growth in Australia for vacant roles.
More information about how the SEEK ASI is put together can be found here.
Disclaimer
The Data should be viewed and regarded as standalone information and should not be aggregated with any other information whether such information has been previously provided by SEEK Limited, ("SEEK"). The Data is given in summary form and whilst care has been taken in its preparation, SEEK makes no representations whatsoever about its completeness or accuracy. SEEK expressly bears no responsibility or liability for any reliance placed by you on the Data, or from the use of the Data by you. If you have received this message in error, please notify the sender immediately.
