June's employment and salary figures
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STATE OF THE NATION:
STATE OF THE STATES:
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STATE OF THE NATION
The latest SEEK Employment Report shows a decline of 7.7% in jobs advertised compared to June 2018. The average advertised salary across Australia rose 2.7% year on year.
Science & Technology topped the list as the sector with the highest job ad growth rate with a rise of 19.2% (June, 2018 vs. June, 2019). Within this sector, roles for Quality Assurance & Control saw the greatest growth (+70.6%), followed by Environmental, Earth & Geosciences (+54.1%) and Food Technology & Safety (+28.8%).
Kendra Banks, Managing Director, SEEK ANZ comments: “As we know, June is the last month of the financial year and tends to be a quieter month for job ad volume. We have seen a continued decline of job ad growth this month extending the trend of 2019. However, the first few months of a new financial year - with businesses setting new priorities and budgets being refreshed - normally form the busiest months for recruitment in the whole year. It will be interesting to see how this plays out in the next few months, where I believe we will get a clearer picture of the current employment market.
“Continuing the trends we have seen across 2019 we are still experiencing growth in the Education & Training (+14.5%), Healthcare & Medical (+9.6%) and Science & Technology (+19.2%) sectors.”
STATE OF THE NATION: SALARY
The average advertised salary across Australia in June was up 2.7% compared to last year, and showed a modest growth in salaries across all states and territories, to the exclusion of Tasmania (-0.8%), with Victoria (+3.2%), New South Wales (+3.0%) and the Northern Territory (+2.5%) leading the way.
Kendra Banks comments: “There has been a slight fall in salary growth in the final quarter of FY19. The peak came in April at 4.1% and 3.4% in May. In June we have seen salary increases in a majority of sectors including Banking & Financial Services (+6.2%), Advertising, Arts & Media (+4.7%), Retail & Consumer Products (+4.6%), Community Services & Development (+4.5%) and Sport & Recreation (+4.4%).”
Figure 1: National SEEK Job Ad growth by state (June 2019 vs. June 2018)
Table 1: Average Advertised Salaries Seasonally Adjusted (June 2019 vs. June 2018)
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SALARIES SEASONALLY ADJUSTED |
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JUNE 19 |
ACT |
NSW |
NT |
SA |
TAS |
VIC |
WA |
QLD |
AUS |
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% increase |
2.1% |
3.0% |
2.5% |
1.7% |
-0.8% |
3.2% |
1.4% |
1.8% |
2.7% |
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avg. $ |
$ 89,825 |
$ 90,162 |
$ 86,421 |
$ 81,494 |
$ 75,612 |
$ 87,767 |
$ 90,262 |
$ 84,911 |
$ 88,151 |
Figure 2: National SEEK Job Ad growth by industry (June 2019 vs. June 2018)
