New financial year records job ad growth across Australia
The new financial year arrived with positive results for the Australian employment market. Job ads on SEEK were up by 12.6% in July compared to the same time last year and growth was experienced across almost every industry.

Only three industries recorded a year-on-year slip in job ads. These industries were advertising, arts and media, insurance and superannuation and call centre and customer service.

Kendra Banks, Chief Commercial Officer for SEEK Australia and New Zealand says the mining, resources and energy industry was out in front in July. “While off a low base, the mining, resources and energy industry continued to have the greatest job ad growth of all industries on SEEK, up 73% year-on-year,” she explains.

“The pick-up of exploration activities by mining companies, especially in Western Australia (WA), after cutbacks over the past few years, is driving job advertising growth on SEEK across the industry,” adds Banks.

The mining, resources and energy industry was also led the way in average advertised salaries on SEEK in July, recording an average of $109,440.

Opportunities in ICT

Industries that support Australia’s economic growth recorded the greatest number of job opportunities in July.

Information and communications technology (ICT) offered the most opportunities of any industry with job ads rising by 5% year-on-year. 

“ICT has been the top advertising industry on SEEK for a while now,” says Banks. “Australia is one of the most digitally connected countries in the world and businesses are increasingly relying on technology and software solutions to support their operations. As a result, ICT professionals are in high demand to create and manage these new technologies.”

The average advertised salary for the ICT industry was also on the rise. Last financial year, it recorded an average of $102,574, up 1% year-on-year. This was considerably higher than the national average of $81,747, which was also up 1.8 per cent year-on-year on SEEK.
“Many ICT roles are highly technical and hard to fill, so that’s why this industry commands high salaries,” explains Banks.

Trades and services came in second for the number of job opportunities on SEEK. Job ads for the industry were up by 28% year-on-year and the average advertised salary was $64,022. Healthcare and medical was third with year-on-year growth of 13% and the average advertised salary was $86,629. Meanwhile, manufacturing, transport and logistics came in fourth place for job opportunities on SEEK in July. They grew by 19% and the average advertised salary was $70,280.

Demand for candidates

Conditions were positive for job seekers across many industries in July. 

Demand for candidates was strong in government and defence, with SEEK job ads rising by 30% and the average advertised salary was $90,814. 

Education and training also recorded good conditions for candidates. Job ads for the industry grew 8% and the average advertised salary was $ 81,235. Demand for candidates was also strong in the real estate and property industry with SEEK job ads rising by 7% and the average advertised salary was $74,271.

Job type trends

Banks explains job ads for full-time and non-full-time roles on SEEK are growing at a varying pace. “Non-full-time jobs are growing at a faster rate,” she says. “This is a trend we’ve witnessed since late 2010.”

Despite this, the latest SEEK data shows that full-time jobs were the most advertised role type on SEEK during the past financial year.

Trends across the country

The good news for July was spread across the country with all states and territories experiencing job ad growth on SEEK.

The pace of job ads is picking up in the country’s largest labour markets. New South Wales experienced growth of 7.3% year-on-year and Victoria saw a rise 14.1%. “ICT was the top advertising industry in both states,” says Banks. 

A recovery is underway in the mining-dominated states of WA, which saw a growth of 16.8% year-on-year, and Queensland, where SEEK job ads were up by 20.2% over the same period. “The annual pace of ad growth on SEEK across the Sunshine State is now the strongest since 2011,” adds Banks.

Tasmania enjoyed the largest job ad boost of all the states and territories this July, increasing 22% year-on-year. Industries fueling this growth were healthcare and medical (up 38% year-on-year), trades and services (up 48% year-on-year) and hospitality and tourism (up 19% year-on-year).

“In the smaller job markets of South Australia and the NT, job ads on SEEK increased 19.8% year-on-year and 17.5% year-on-year, with the trades and services industry offering the most jobs on SEEK in these regions,” says Banks.

Meanwhile, job ads in the Australian Capital Territory grew 4.8% year-on-year.

How will the states and territories perform in the coming months and which industries will lead the way? We’ll be keeping a close eye on how the market moves.

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