SEEK jobs ads rebound

From SEEK:

OVERVIEW OF OCTOBER 2020:

STATE OF THE NATION:

  • SEEK job ads are up by 8.5% month-on-month (m/m).
  • SEEK job ads are down 11.7% year-on-year (y/y), which is the smallest y/y decline since the pandemic began.
  • Industries with the highest job ad growth m/m by volume are Trades & Services, Healthcare & Medical and Hospitality & Tourism.

    STATE OF THE STATES:

  • For a second month running, the top three states that contributed the most to m/m growth in job ads were Victoria, New South Wales, and Queensland.
  • Victoria is showing the biggest m/m rise of 16.4%, but Victoria’s job ads on a y/y basis still lags the other states.
  • In Queensland, for the first time since the pandemic began, new job ads are higher than this time last year.

STATE OF THE NATION: STRONG PERFORMANCE IN VICTORIA HELPS NATIONAL JOB AD GROWTH IN OCTOBER

The latest SEEK Employment Report data shows continued strong m/m performance with an increase of 8.5% in national jobs advertised. This compares to last month’s growth of 9.2%.

Comparing October 2020 with October 2019, job ads are 11.7% lower, which notably is the smallest y/y decline since the pandemic began.

Kendra Banks, Managing Director, SEEK ANZ comments: “We have seen positive national month-on-month job ad growth since the end of April. Significantly, job ad volume is 11.7% lower than 12 months ago, which represents the smallest gap in this metric since the pandemic began. This difference has been reducing each month as Australia continues its recovery, previously measuring at 20.9% and 29.1% in September and August respectively.

“Looking at the national picture, we have continued to see strong growth across all states and territories except the Northern Territory, which had a very small decline in October but is still up on this time last year.

“We would traditionally see a quieter job market for both candidates and hirers as we head into the summer months, particularly in December and January, before picking up again after Australia Day. Given recent trends, we will watch with interest to see if more job opportunities than usual arise ahead of the holiday period.”

STATE OF THE STATES: CONTINUED JOB ADS GROWTH IN NSW, VIC AND QLD

In October the m/m job ad growth rate in Victoria increased considerably by 16.4%. This is Victoria’s second consecutive month of growth, another positive sign the state is making its way back to pre-COVID levels.

In previous months we outlined job ads across all states and territories are recovering from their lowest point in April at three different rates:

  • This month Queensland has moved up to the top tier of recovery to join Western Australia, South Australia, Tasmania and Northern Territory in fully rebounding or having job ad rates comparable to pre-COVID levels;
  • New South Wales and the Australian Capital Territory are continuing to recover towards pre-COVID levels, and;
  • As mentioned, while Victoria’s recovery has been the laggard given its COVID-19 restrictions, the state has now performed strongly for the past two months.

Kendra Banks continues: “For the second month running, the top three states contributing to monthly job ads by volume are Victoria, New South Wales and Queensland.

“We know the nation’s job ad growth is closely linked to the conditions in New South Wales and Victoria, and we’re very pleased to report robust performances in both states for consecutive months. In October, Victoria increased its job ad growth rate by 16.4%, and New South Wales by 6.4%. However, both are growing off a comparatively lower base as they are still 15.7% and 31.3% down on this time last year respectively.

“Victoria’s strong rise in job ads posted on seek.com.au comes off the back of a further easing of restrictions across October, and with a much wider relaxation of restrictions in recent weeks, we can expect to see this growth to continue.

“We’re also pleased to report Queensland now has 1.5% more job ads on-site than 12 months ago, pushing the Sunshine State into the same tier as Western Australia, South Australia, Tasmania and the Northern Territory as states and territories that have job ad volumes the same or better than this time in 2019.”

STATE OF THE INDUSTRY SECTORS

Topping the list of industries contributing the most to growth in jobs listed on seek.com.au is Trades & Services, followed by Healthcare & Medical and Hospitality & Tourism. Trades & Services and Healthcare & Medical have not only had the most significant m/m contribution growth, but both industries have more job ads than this time last year with a 16.2% and 2.7% increase respectively.

Below is an example of the sorts of the roles most in-demand within the top three sectors of Trades & Services, Healthcare & Medical and Hospitality & Tourism for the month of October:

  • Trades & Services with roles in automotive trades, labourers, electricians, hair & beauty services, welders & boiler makers, technicians, carpentry & cabinet making, gardening & landscaping being in demand.
  • Healthcare & Medical including roles for physiotherapists, occupational therapists & rehabilitation, nurses – aged care and general medical, psychology, counselling & social work, dental and medical administration.
  • Hospitality & Tourism with roles for chefs/ cooks, waiting staff, bar & beverage staff, management, kitchen & sandwich hands, house-keeping and front office & guest services.

 

Unconventional Economist

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