SEEK Advertised Salary Index - March
The SEEK Advertised Salary Index (ASI) measures the growth in advertised salaries for jobs posted on SEEK in Australia. This report provides a snapshot of the monthly data. The next quarterly SEEK ASI report will be released in May and will contain industry and state trends.
NATIONAL ADVERTISED SALARY TRENDS
Advertised salaries rose 0.4% m/m in March. This was the fastest monthly growth in advertised salaries since August 2024.
Annual advertised salary growth continued to accelerate, reaching 4.1% y/y in March.
SEEK Chief Economist, Dr Blair Chapman says:
“Advertised salary growth accelerated in March, rising 0.4% over the month to reach 4.1% year-ended – the fastest annual pace since July 2024.
“With most people unable to switch jobs immediately to take advantage of the faster advertised salary growth right now, it may offer little relief, as households contend with rising fuel prices, higher mortgage repayments, a softening economy, and growing concerns about job security.”
Figure 1: Month-on-month growth of SEEK Advertised Salary Index
Figure 2: Year-on-year growth of SEEK Advertised Salary Index
ENDS
The data contained in this report can be downloaded 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 Dr Blair Chapman, SEEK Chief 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’ WPI. The WPI is a measure of the pace of wages growth across the economy.
The SEEK ASI provides a timely and frequent read on the pulse of advertised salary growth in Australia for vacant roles.
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