With the festive season fast approaching, is a new job on your wish list? The latest data from SEEK Employment Trends shows your opportunities rose by a huge 16.1% in October compared to the same time last year, so now may be the perfect time to make your move.
There are 29 industries listed on SEEK and 28 experienced year-on-year growth. “Advertising on SEEK is booming,” says Michael Ilczynski, Managing Director for SEEK Australia and New Zealand. “This October we saw the largest rate of annual job ad growth so far this year.”
The strong results coincided with a boost in consumer sentiment in October. A report from Westpac and the Melbourne Institute shows this was the first time that optimists have outnumbered pessimists since November last year.
Trades top the list for most opportunities
The Trades and Services industry led the way for job opportunities on SEEK for the second consecutive month and the average advertised salary was $64,696. Information and Communications Technology also presented a high volume of job ads in October and recorded an average advertised salary of $104,359.
The Trades and Services industry led the way for job opportunities on SEEK for the second consecutive month and the average advertised salary was $64,696.
Healthcare and Medical also delivered among the highest level of opportunities for candidates and the average advertised salary was $87,632. If you’re looking for your next role in Manufacturing, Transport and Logistics, your prospects were also looking up on SEEK in October and the average advertised salary was $70,963.
More prospects in mining
Signs for Mining, Resources and Energy continued to look positive in October with the industry recording the largest annual growth on SEEK for the tenth month. Opportunities rose by at 59%, however this figure was coming off a low base, and average advertised salary was $114,032.
The Engineering industry also experienced growth on SEEK in October with prospects rising 36% year-on-year and the average advertised salary was $105,238.
Advertising, Arts and Media was the only industry to record a year-on-year decline in opportunities in October. They were down by 8% and the average advertised salary was $77,436.
Real estate industry opens more doors
If you’re looking for your next opportunity in the Real Estate and Property industry, your prospects rose by 5% year-on-year from August to October. Residential Leasing and Property Management delivered the greatest number of job ads for the industry, followed by Residential Sales, Administration and Body Corporate & Facilities Management.
The average advertised salary for real estate and property for this three-month period was also up by 5.4% year-on-year to $74,835.
Ilczynski says the eastern seaboard states of NSW and Victoria offered the most opportunities for professionals in the industry between August to October. This also mirrors where demand is greatest for property across the country.
“Over the three years to October 2017, we’ve seen dwelling prices rise more than 20 per cent across Sydney and Melbourne,” he says.
“However, the property market has started to cool due to financial regulators clamping down on investment lending, plus there has been a number of additional taxes imposed by state governments on foreign buyers, and signs of greater restrictions on outbound Chinese investment in offshore property buying.”
South Australia leads the way for job ad growth in Australia
The positive news for October extended to every corner of the country.
Although coming off a low base, South Australia recorded the largest annual growth of all states and territories, up 24.5% year-on-year. Trades and Services offered the most job opportunities across the state, increasing by 62% year-on-year.
Australia’s largest labour markets of New South Wales and Victoria recorded a year-on-year increase of 12.4% and 18% respectively. “ICT was the top advertising industry in both states, followed by trades and services,” says Ilczynski.
Opportunities in Queensland rose by 18.9% year-on-year while Tasmania saw a lift of 14.9% compared to the same time last year. Candidates in the Northern Territory saw their job prospects on SEEK rise 21.2 per cent year-on-year and the ACT experienced growth of 12.7% over the same period.
Meanwhile, the labour market in Western Australian continued to show promising signs of recovery with opportunities rising by a solid 19.2% year-on-year. “Trades and Services and Mining, Resources and Energy offered the most job opportunities across the state,” adds Ilczynski.
The growth in opportunities reached a new high in October, so it may be time to polish up your resume. We’ll be watching how the market moves in the month ahead.