Status of jobs in Australia

A couple of weeks ago Seek released their latest round of the Employment Index.

The SEEK Employment Index (EI) is a measure of the balance between demand and supply in the Australian labour market. In March the seasonally adjusted EI increased by 2.1 points to 102.3. On yearly basis, the index is 8.1 points higher than the same period last year. Since January 2007, the EI index has consistently been rising on an upward trend suggesting a continuous tightening of the labour market. On the basis of this evidence, Australian jobseekers will have witnessed higher hopes of employment through less competition for available positions.

Over the last 3 months the index has risen from 98.1 to 102.3 with strong growth in Northern Territory, Western Australia and Queensland. South Australia, Tasmania and ACT have had declines with NSW and Victoria climbing in the right direction.

Top 5 most competitive jobs

Industry Occupation
Manufacturing Packer/Filler
Call Centre Call Centre Operator
Hospitality & Tourism Airlines
Hospitality & Tourism Housekeeping
Retail Sales Assistant

If you work in one of the above occupations you will need to work very hard to stand out from the crowd.

5 occupations in most demand

Industry Occupation
Legal Solicitor
Government/Defence Navy
Healthcare & Medical Radiology/Sonography
Construction Landscape Architecture
Real Estate & Property Valuation

If you are in the above group, approached carefully, with the right skills you have a much better chance than average in getting a job. You might also find salaries increasing and extra bonuses are on offer.

Annualised Seek’s research says that there are 40% more new job ads than March 2006 a good sign. A side note Recruit.net’s measure of job ads year over year shows just a 19.5% increase less than half that of Seek’s, either way we have had a large increase in jobs ads.

What is interesting is how this research compares to the ABS labour figures showing a 2.8% growth in employment over the last year. My read is that business confidence must be running very high as the demand for labour is definitely out striping supply. Or is it that we have the wrong skills in Australia?

3 thoughts on “Status of jobs in Australia

  1. Michael,

    I think the ABS figures are likely closer to the mark.

    If Seek are basing their figures on their own data it is bound to be inflated because they have got many duplicated jobs on their site. It’s no coincidence that their 40% growth figure is pretty much the same as the growth in their number of jobs listed for the same period!

    As evidence of this, I ordered a job pack from Seek this week and my “account mgr” believed I needed to post the same job four times to cover the most likely ways in which people would be searching for such a job. And then I could use my excess credits to “refresh” the job so it went back to the top of the list!

    This type of behaviour is of course relatively easy for Seek to filter out of it’s figures. But what is impossible to identify are the same jobs which are advertised by multiple agencies.

    Re the occupations in demand, it would be interesting to see how they arrived at that list.

    Landscape Architects? I don’t doubt they are in short supply, but how many Landscape Architect jobs can their be out there – a dozen perhaps ?

    And as far as the armed forces are concerned, they have had recruitment issues for years.

    There are many other occupations for which there is a chronic shortage of people. Town Planners, Civil Engineers – most disciplines, and Accountants to name a few.

  2. We are recruitment agency in the Philippines. May we know if we can be an answer to a shortage of manpower in Australia ?

    We supply manpower of various categories.

    Thanks

Comments are closed.