Employment Report
Sydney, Feb 21, 2019 AEST (ABN Newswire) - The latest SEEK (
ASX:SEK) (SKLTY:OTCMKTS) Employment Report data shows that new job ads picked up in January with a modest growth rate of 0.6 percent (y/y). Advertised salaries also experienced a growth rate of 2.5 percent respectively.
STATE OF THE NATION:
- Overview of January 2019 (vs January 2018):
o SEEK jobs ads are up by 0.6 percent
o Average advertised salary up by 2.5 percent
- The top three industry drivers of job ad growth are Mining, Resources & Energy, Government & Defence and Healthcare & Medical
STATE OF THE STATES:
- Tasmania (+18.8%) and Western Australia (+5.3%) continue to show the strongest growth in new job ads
- Salaries in Northern Territory and Western Australia up by nearly 5 percent
STATE OF THE NATION: REVIEWING AUSTRALIAN EMPLOYMENT MARKET
Mining, Resources & Energy continue to outperform a number of industries in Australia with new job ads up by 21.7 percent (compared to January 2018). In addition, salaries for the mining sector have been steadily increasing year on year, with a 4.5 percent increase already in 2019.
Public sector job roles in Government & Defence (+19.2 percent) and Healthcare & Medical (+14.4 percent) were the second and third strongest contributors to the employment market, demonstrating a rising trend for job ads in these sectors.
The states and territories with the highest job ad growth for Government & Defence were the Northern Territory (67.9 percent), Tasmania (64.1 percent) and the ACT (61.8 percent). For Healthcare & Medical, the top states and territories for job ad growth were NSW (29.2 percent), Tasmania (24.1 percent) and the ACT (22.4 percent).
Science & Technology also continues to be a strong contributor to job ad growth across the nation with a 12.8 percent increase when compared to last year.
While several industries experienced steady growth in January, the month also saw a decline in job ads for Construction (-14.1 percent), Design & Architecture (-13.7 percent) and Advertising, Arts & Media (-12.6 percent).
The majority of the states and territories (four out of seven) experienced growth for job ads, however, NSW (the state with the largest labour force), was one of the states with a small decline (-1.1 percent).
Kendra Banks, Managing Director, SEEK ANZ comments: "2019 is off to a steady start showing growth in job ads compared to this time last year. We continue to maintain steady and consistent growth for new job ads and advertised salaries.
"When we look at the diverse range of industries, it comes as no surprise that the mining sector still continues to dominate the employment market. However, it is interesting to see the increased demand in job roles for the public sector, particularly for Government & Defence candidates.
"This month also saw International Day of Women and Girls in Science (11th February) something we at SEEK are an advocate for. Our data shows that women make up nearly half (49%) of those who express interest in Science and Technology related roles, with job ads for these roles increasing year on year.
An additional insight we've seen, is that overall, 27% of women have expressed an interest in STEM job roles, which is an increase of 3% since 2015."
MEDIA NOTE: When reporting SEEK data, we request that you attribute SEEK as the source.
About the SEEK Employment Report
The SEEK Employment Report provides a comprehensive overview of the Australian Employment Marketplace. The report includes the SEEK Employment Index (SEI), which is the first Australia aggregate indicator to measure the interaction between labour market supply and labour market demand.
It also includes the SEEK New Job Ad Index which measures only new job ads posted within the reported month to provide a clean measure of demand for labour across all classifications.
SEEK's total job ad volume (not disclosed in this report) includes duplicated job advertisements and refreshed job ads. As a result, the SEEK New Job Ad Index does not always match the movement in SEEK's total job ad volume.
Disclaimer: The Data should be viewed and regarded as standalone information and should not be aggregated with any other information whether such information has been previously provided by SEEK Limited, ("SEEK"). The Data is given in summary form and whilst care has been taken in its preparation, SEEK makes no representations whatsoever about its completeness or accuracy. SEEK expressly bears no responsibility or liability for any reliance placed by you on the Data, or from the use of the Data by you. If you have received this message in error, please notify the sender immediately.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/E1Y33I19
About SEEK Limited
SEEK Limited (ASX:SEK) (OTCMKTS:SKLTY) is a diverse group of companies, comprised of a strong portfolio of online employment, educational, commercial and volunteer businesses. SEEK operates across 18 countries with exposure to over 2.9 billion people and approximately 26 per cent of GDP. SEEK makes a positive contribution to people's lives on a global scale. SEEK is listed on the Australian Securities Exchange, where it is a top 100 company with a market capitalisation close to A$6billion and has been listed in the Top 20 Most Innovative Companies Globally by Forbes, and Number One in Australia.
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