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WA And Vic Lead Job Ad Growth

By Lainey Quinn - 04 Dec, 2018

New job ads grew nationally by 2.8% compared to the same time last year, while salaries were up 4%. Find out more in this month’s employment snapshot.

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Market trends

New job ads grew nationally by 2.8% in October compared to the same time the previous year. While national job ad growth continues to flatten, average job ad volumes continue to be near record highs, with job ad volumes 30% higher than 2010 levels.

Victoria and Western Australia are driving the majority of growth, with the two states accounting for more than 80% of positive contribution to growth this month. On the other side of the ledger, New South Wales and Northern Territory accounted for 74% and 26% of the drag on job ad growth respectively.

Industry trends

Mining, Resources & Energy continues to lead the way, with the industry experiencing 23% growth compared to the same time last year. This result makes it the 15th consecutive month the sector has recorded the highest job ad growth in Australia.

Government & Defence (22%) and Education & Training (22%) also posted strong year-on-year results.

The table below represents the top five industries that experienced year-on-year job ad growth in October:

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Ten industries recorded a year-on-year decline in job ads in October, with Real Estate & Property and Design & Architecture recording the greatest decline of 12% respectively.

Construction and Advertising, Arts & Media followed with 11% decline compared to the same period last year.

The industries that experienced the greatest year-on-year decline in October are shown below:

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Trends across the country

Nationally, Tasmania led the way in year-on-year job ad growth, with the Apple Isle recording 21.2% growth in October. This was a stable result for Tasmania, which recorded a slight 0.1% month-on-month decline.

Western Australia experienced positive results across the board, recording 12.1% year-on-year growth and 0.9% month-on-month growth in October.

The Northern Territory experienced both year-on-year (-5.4%) and month-on-month (-1.4%) decline in October, while New South Wales was the only other state to record a year-on-year decline in October (-0.2%).

The following map outlines the job ad growth experienced across every region compared to 12 months ago:

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Salary trends

Australian advertised salaries grew by 4% in October, with Western Australia again recording the highest growth of 6.3%.

Mining, Resources & Energy experienced the highest year-on-year salary growth for October at 8.1%, while Insurance & Superannuation was the only industry to record a decline of 2.2% compared to the same time last year.

Western Australia also posted the top average annual salary of $90,158, while Mining, Resources & Energy recorded the top average annual salary of $113,267.

SOURCE: SEEK.COM.AU

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