SEEK Employment Report July - Job ads rise for the first time since January
Of the July data, Kendra Banks, Managing Director, SEEK ANZ, says:
“We are still experiencing a demand-heavy market. There are particular shortages in the Education & Training, Healthcare & Medical and Community Services & Development industries when comparing job ad volumes to pre-COVID.
“There was strong demand this month for workers in Hospitality, with job ads for Chefs, Wait and Bar Staff and Kitchen Hands driving job ads up in New South Wales and Queensland.
“The good news for hirers is that candidate activity is growing at pace. There is now competition for the opportunities on offer, so we are in a much more balanced jobs market than we were 12 months ago.
“My advice to jobseekers is to take a deeper look at the opportunities on offer. SEEK helps to find matches not just based on job title, but based on skills and experience, so be open to new roles and industries, as there are plenty on offer.”
Job ads rose for the first time since January and only the second time in 12 months, increasing 0.8% m/m. Job ads are now 19.5% lower year-on-year (y/y) but are 20% higher than July 2019.
Applications per job ad continue to grow, rising for the fifth consecutive month (by 4.4% in June). They are now just 1% lower than July 2019 levels.
Figure 1: National SEEK job ad percentage change m/m July 2022 to July 2023
Table 1: National and regional job ad growth/decline comparing July 2023 to: i) June 2023 (m/m) and ii) July 2022 (y/y).
STATE & TERRITORY INSIGHTS
New South Wales recorded its equal greatest increase in job ad volumes since February 2022, up 3.6%. This was driven by a rise in roles in Hospitality & Tourism (14.7%), Trades & Services (3.9%) and Administration & Office Support (4.1%).
Queensland recorded the next greatest monthly increase, up 1.1% since June, also supported by a 12.0% rise in Hospitality & Tourism.
Despite an overall decline in job ads in Victoria (-1.2%) Hospitality & Tourism roles in the state increased 10.0%.
Applications per job ad grew in every state and territory, most notably in Western Australia (6%), Queensland (5%) and South Australia (5%).
Figure 3: Major state job ad trends: July 2019 to July 2023
Hospitality & Tourism drove a significant increase in job ads in the larger states and subsequently overall. Job ads rose in particular for Hospitality roles (12.,4%) including Chefs/Cooks, Wait Staff, and Bar and Beverage Staff.
Trades & Services (2.2%), Accounting (1.2%) and Manufacturing, Transport & Logistics (1.1%) also recorded small increases in job ad numbers in July.
While job ads in Education & Training and Healthcare & Medical have fallen over recent months, dropping 1.0% and 0.7% respectively m/m, demand in these industries remains historically high. Volumes in Education & Training are 66.3% higher than July 2019 and in Healthcare & Medical they are 44.3% higher, demonstrating the significant demand for workers in these industries.
Applications per job ad rose for ads in Retail & Consumer Products (11%),Manufactring, Transport & Logistics (10%) and Hospitality & Tourism (10%).
Figure 4: National SEEK Job Ad percentage change by industry (July 2023 vs June 2023) – Ordered by job ad volume
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About the SEEK Employment Report
The SEEK Employment Report is Australia’s leading employment index and provides a comprehensive overview of the Australian Employment Marketplace. The report includes the SEEK Employment Index (SEI) which measures only new job ads posted within the reported month to provide a clean measure of demand for labour across all classifications.
Note: the SEI June differ to the job ad count on SEEK’s website due to a number of factors including: 1) seasonal adjustments applied to the SEI; 2) the exclusion of duplicated job ads from the SEI; and 3) the exclusion of Company Listings (included under Company Profiles) from the SEI.
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.