July's employment report - job ads down 7.8% year on year and salaries up 2.4%

STATE OF THE NATION:

  • Overview of July 2019:
    • SEEK job ads are down by 7.8% y/y, but up 0.2% m/m
    • Average advertised salary is up by 2.4% (y/y)
  • The four sectors with the highest job ad growth rate include: Community Services & Development (10.3%), Education & Training (9.8%), Science & Technology (7.1%), Healthcare & Medical (5.0%)
  • The top four industries showing salary growth include: Hospitality & Tourism (4.0%), Manufacturing, Transport & Logistics (5.3%), Trades & Services (4.1%) as well as Construction (3.2%).

STATE OF THE STATES:

  • All states are showing a decline in job ad volume except ACT (12.2%)
  • All states have increased in salary with South Australia (4.6%) and Tasmania (3.7%) leading the growth (July, 2019 vs. July, 2018)

 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.

Download SEEK Employment data