July's employment report - job ads down 7.8% year on year and salaries up 2.4%
STATE OF THE NATION:
STATE OF THE STATES:
STATE OF THE NATION
The latest SEEK Employment Report shows a modest increase of 0.2% in jobs advertised this month, compared to last month (June 2019). However, compared to last year, July 2018, we see a decline of 7.8% in jobs advertised.
Community Services & Development (+10.3%) lead as the sector with the highest job ad growth for July, 2019 (vs. July 2018), followed by Education & Training (+9.8%), Science & Technology (+7.1%), Healthcare & Medical (+5%) and Mining, Resources & Energy (+3.6%).
One of the month’s interesting stats comparing June 2019 to July 2019 is the increase in roles advertised for Property & Real Estate.
Kendra Banks, Managing Director, SEEK ANZ comments: “We’ve seen the property and real estate industry suffer over the last twelve months, but have seen a 7% rise in jobs ads across July. This could be due to the recent increase in house prices across Sydney and Melbourne with more people now selling property, a pick-up in new loan lending and rise in Auction clearance rates. This will be an interesting sector to watch over the next few months.
“On SEEK we have started to see a small increase in job advertised in July (+0.2%), ACT especially has seen a surge (+12.2% y/y) due to the high proportion of well performing public sectors roles available across the state.”
STATE OF THE NATION: SALARY
The average advertised salary across Australia was up 2.4% compared to last year, showing growth in salaries across all states with South Australia (4.6%) and Tasmania (3.7%) leading the way followed by Victoria (2.8%), NT (+2.6%) and NSW (+2.4%).
Table 1: Average Advertised Salaries Seasonally Adjusted (July 2019 vs. July 2018)
Figure 1: National SEEK Job Ad growth by state (July 2019 vs. July 2018)
Figure 2: National SEEK Job Ad growth by industry (July 2019 vs. July 2018)
MEDIA NOTE: When reporting SEEK data, we request that you attribute SEEK as the source.