SEEK’s latest Employment Report has delivered a decline of 8.6 per cent in jobs advertised when comparing August, 2019 with the same time in 2018. August, 2018). Community Services & Development (13.0 per cent) lead as the sector with the highest job ad growth for August, 2019 (vs. August 2018), followed by Education & Training (12.1 per cent) and Healthcare & Medical (4.6 per cent).
“Australia’s GDP growth is at the lowest level since 2009, driven by weaker private sector investment,’ commented Kendra Banks, managing director, SEEK. “Low consumer spending is having a direct impact on business spending, with many companies tightening their budgets, which can include a restriction or freeze on hiring. This can be seen across the country with the visible reduction of new job opportunities.”
Banks went on to say that recent government spending across industries such as disability, health and aged care services is having a positive effect with healthy employment growth in these sectors – as demonstrated by SEEK’s 4.6 per cent job ad growth in healthcare and medical roles.
Compared to this time last year all capital cities, with the exception of Perth, are showing a decline in job ad volumes, whereas regional and outer suburbs are showing an increase.
Kendra Banks explains further: “It is interesting to see that the regional areas are generally faring better during the current economic slowdown. Victoria’s regional unemployment in particular is at an all-time low, which has been helped by previous state government decisions to locate a number of government agency roles into regional areas. Examples of this include ‘WorkSafe’ agency who has moved to Geelong and Vic Roads who have opened its regional roads bureau in Ballarat.”