Mining industry posts another month of growth
Written by SEEK Insights & Resources
Jobs ads on SEEK were up by 8.3% in June and salary growth was experienced across almost every industry. Find out which industry led the way in this month’s employment snapshot.
New job ads on SEEK have grown nationally by 8.3% in June compared to this time last year.
While this figure is positive, it’s significantly lower than the national average for the preceding year at 13.9%, marking the first month of non-double-digit year-on-year growth since May 2017.
Although job ad growth appears to be slowing, SEEK Managing Director ANZ, Kendra Banks says there are still positive signs for the markets.
“The job ad market remains strong,” Banks says. “Average monthly job ads are still 29% above 2010.”
The Mining, Resources & Energy industry continues to post positive results despite the national job ad market cooling this month. The industry took the top spot for the 11th consecutive month for annual job ad growth with a 32% year-on-year increase compared to June 2017.
This was followed by Community Services & Development, which saw an increase of 18% on the previous year.
Call Centre & Customer Service, Advertising, Arts & Media, Design & Architecture, Real Estate & Property all recorded a decline in jobs ads compared to the same time last year.
Banking & Financial Services, which was the poorest performing industry this month, with job ads declining 16% since the previous year.
Trends across the country
Year-on-year job ad growth was experienced across every state and territory in Australia in June, with Tasmania leading the pack for the third consecutive month with 20% growth compared to June 2017.
Despite the year-on-year growth, all states and territories except the ACT (up 9.9%) and Queensland (up 1.8%) experienced a month-to-month decline in job ads, with the whole of Australia recording a 0.9% decline since May 2018.
There were only three regions below the national average of seasonally adjusted year-on-year growth in May: the ACT (7.2%), Northern Territory (4.4%), and New South Wales (4.2%).
The following map outlines the job ad growth experienced across every region compared to 12 months ago: