SEEK Employment Snapshot - growth remains stable

This snapshot complements the SEEK Employment Trends report that is released monthly. SEEK will publish regular insights based on job ad movements compared to a baseline of April 2020

Key insights (weeks 22 & 23 compared to April 2020):

  • New job ads posted on SEEK during the fortnight ended 7 June are up 60.6%. This is a further uplift from 26.8%, 39.7% and 49.2% in previous three fortnights 
  • The biggest contributors to job ad growth remain unchanged for the second fortnight running. They are Trades & Services, Healthcare & Medical, Hospitality & Tourism, Manufacturing, Transport & Logistics and Education & Training 
  • All states are showing an increase in job ad activity
  • Tasmania and Queensland are showing the largest job ad volume growth
  • SEEK Business has seen the highest month ever of traffic and enquiries to buy businesses 

Growth remains stable

Kendra Banks, Managing Director, SEEK ANZ comments: “In the fortnight ended 7 June, we saw an increase in job advertising of 60.6% compared to the average of the month of April. This is a further uplift from 26.8%, 39.7% and 49.2% in the previous three fortnights. This data reaffirms our view that job ad volumes are recovering, although still in the early stages of recovery, and we will continue to monitor volumes for stability and consistency.  

“Historically, job ad volumes tend to ease off towards the end of the financial year but are followed by a quick boost in July and August when hirers have re-set their budgets. With the continued easing of restrictions, the economic measures put in place by the government and the new financial year we hope to see this translate into more jobs advertised in July.

“Again, all states and territories showed growth in the last two weeks. Tasmania and Queensland are the highest growing states with 86.3% and 82.2% more jobs advertised in the last two weeks compared to April’s average.”


Job ad volumes in each state

  • Tasmania up by 86.3%
  • Queensland up by 82.2%
  • Northern Territory up by 75.7%
  • Victoria up by 73.4%         
  • South Australia up by 66.1%
  • New South Wales up by 52.8%
  • Western Australia up by 39.0%
  • Australian Capital Territory up by 19.1% 

Figure one: SEEK new job ads by state for 2020

        

Aussies looking for alternatives

SEEK Business is Australia’s most visited business-for-sale marketplace. The month of May saw a 50% increase in enquiries and a 29% increase in site visits, the highest the platform has ever seen. Independent research into business ownership has indicated 41% of the population has considered buying a business, and with rising unemployment, candidates are looking at alternative income options.

Where the jobs are

  • Healthcare & Medical: roles such as Physiotherapy, Nursing (Aged Care and General Medical), Dental, Psychology, Counselling & Social Work, Medical Administration and GPs 
  • Trades & Services: Automotive, Labourers, Hair & Beauty Services, Electricians, Welders & Boilermakers and Fitters, Turners & Machinists 
  • Information & Communication Technology: Developers/ Programmers, Business/ Systems Analysts, Software Engineering, Help Desk and IT Support and Project Management 
  • Manufacturing, Transport & Logistics: Warehousing, Storage & Distribution, Road Transport, Assembly & Process Work and Machine Operators 
  • Community Services & Development: Aged & Disability Support, Child Welfare, Youth & Family Services and Employment Services

How has COVID-19 changed the way we work?

SEEK conducts surveys among Australians currently employed and those looking for work to understand their position on work and career related topics.

When asked about their feelings towards work and career, we've seen evidence of more optimism. There was an Increase in those feeling 'confident', 'energised' and 'inspired'. On the flipside, while 'uncertainty' is falling, 'boredom' has risen slightly, a potential reflection of the challenges navigating lock-down conditions.

Figure two: Jobseeker sentiment throughout 2020, answers to the question “Generally, how does your working life make you feel?”