Data from SEEK has found new job ads across Australia have recorded a year on year rise of 8.7 per cent to July. Across Australia, the sectors with the greatest growth in employment opportunities were mining, resources and energy and farming, animals and conservation – both saw a 37 per cent increase in job opportunities in July 2018 compared to July 2017. Closely following was the Government & Defence sector, where job ads were up 36 per cent year-on-year (YoY).
Some of Australia’s biggest employing industries also recorded strong growth in July. Job ads in the Healthcare & Medical sector grew 18 per cent YoY, while job ads in the Trades & Services and Information & Communication Technology sectors both grew by 17 per cent YoY. These three sectors were the biggest contributors to overall national job ad growth, and account for 29.2 per cent of all available opportunities in Australia.
Kendra Banks, managing director ANZ, SEEK, said: “The new financial year has brought strong employment opportunities with it. Even though July’s national figure of 8.7 per cent is lower than the average YoY growth rate for FY18 of 13.7 per cent, SEEK data shows strong double digit results across the top 20 sectors. This suggests continuous growth over the coming months, creating a positive outlook for job creation across the nation.”
Interestingly, SEEK data shows that Tasmania has outperformed mainland Australia consistently since 2014, with job ad figures accelerating in more recent months. In July, Tasmania reported job ad growth of 26.8 per cent YoY, three times that of Australia which grew by 8.7 per cent in the same time period.Tasmanian-based businesses are also reporting high business confidence and very favourable business conditions according to NAB’s July Business Confidence Index. The state recorded +19 business confidence index points in July, the strongest in Australia and ahead of larger States Queensland (+17 points) and Victoria (+16 points).
A number of factors have seen the State take on a new lease of life, including Tasmania’s recent tourism and hospitality boom, supported by key attractions such as the Museum of Old and New Art (MONA), an improvement in traditional industries such as the dairy industry and more recently, population growth driven by overseas and interstate migration.
The sectors that have driven job ad growth in Tasmania between from 2014 and to 2018 include Trades & Services (16 per cent), Healthcare & Medical (14 per cent) and Hospitality & Tourism (12 per cent).
Kendra Banks noted: “With Tasmania consistently outperforming the mainland, it appears that the larger population has been bolstered by economic development and investment that has driven business and jobs growth.
“Tassie’s investment in its competitive strengths such as tourism and agriculture, along with a renewed commitment to state infrastructure, has led to a surge in job ads across sectors such as Trades & Services, Medical & Healthcare and Hospitality & Tourism. The challenge for the State now is whether it can allocate enough jobs to this new, growing workforce.”