Figures from the latest SEEK Employment Report shows a decline of 7.7 per cent in jobs advertised compared to June 2018. The average advertised salary across Australia rose 2.7 per cent year on year.
Science and technology topped the list as the sector with the highest job ad growth rate with a rise of 19.2 per cent (June, 2018 vs. June, 2019). Within this sector, roles for quality assurance and control saw the greatest growth (+70.6 per cent), followed by environmental, earth and geosciences (+54.1 per cent) and food technology and safety (+28.8 per cent).
“As we know, June is the last month of the financial year and tends to be a quieter month for job ad volume,” said Kendra Banks, Managing Director, SEEK ANZ. “We have seen a continued decline of job ad growth this month extending the trend of 2019. However, the first few months of a new financial year – with businesses setting new priorities and budgets being refreshed – normally form the busiest months for recruitment in the whole year. It will be interesting to see how this plays out in the next few months, where I believe we will get a clearer picture of the current employment market.
“Continuing the trends we have seen across 2019 we are still experiencing growth in the education and training (+14.5 per cent), healthcare and medical (+9.6 per cent) and science and technology (+19.2 per cent) sectors.”
The average advertised salary across Australia in June was up 2.7 per cent compared to last year, and showed a modest growth in salaries across all states and territories, to the exclusion of Tasmania (-0.8 per cent), with Victoria (+3.2 per cent), New South Wales (+3.0 per cent) and the Northern Territory (+2.5 per cent) leading the way.
Kendra Banks comments: “There has been a slight fall in salary growth in the final quarter of FY19. The peak came in April at 4.1 per cent and 3.4 per cent in May. In June we have seen salary increases in a majority of sectors including banking and financial services (+6.2 per cent), advertising, arts and media (+4.7 per cent), retail and consumer products (+4.6 per cent), community services and development (+4.5 per cent) and sport and recreation (+4.4 per cent).”