Australian employment growth has been strong over the past year with 355,700 finding work.
It looks like that trend will continue into 2018 if this indicator is anything to go by.
According to jobs website Seek, there were 13.1% more positions advertised on its platform in November compared to a year earlier, an outcome that suggests momentum in hiring looks set to remain strong in the early parts of next year.
Making that figure all the more impressive, the increase was broad-based with strong gains recorded across all Australian states and territories, and in all but one of 29 industries monitored.
“Across the states and territories, except for NSW, SEEK saw double digit advertising growth this November,” said Micheal Ilczynski, Managing Director for SEEK Australia and New Zealand.
“While off a lower base, Tasmania notched up the strongest growth this November, up 24.9%.
“Driving this ad uplift are Tasmania’s top advertising industries — healthcare and medical and trades services.”
Elsewhere, advertisements in Western Australia jumped 22% from a year earlier, driven by a 49% surge in openings for the mining, resources and energy sector.
Advertisements in South Australia and Queensland also recorded strong growth, lifting 21% and 17.5% respectively, while those in the Northern Territory and ACT grew by 15.3% and 11.9% apiece.
In Australia’s most populous states — New South Wales and Victoria — total advertisements rose by 9.3% and 12.5% respectively.
So the growth was broad-based across the country, mirroring a similar outcome in individual industries.
“This November we saw positive advertising growth across 28 of 29 industries on SEEK,” Ilczynski said.
This chart from Seek shows the annual change in advertisements by specific sector.
“The pick-up of production activities by mining companies, especially in Western Australia, after cutbacks over the past few years, is driving job ad growth on SEEK across the mining, resources and energy industry,” Ilczynski said.
“While off a low base, this is the eleventh consecutive month [the industry has taken top spot for growth in job ads on SEEK.”
Advertisements for consulting and strategy, trades and services, science and technology, engineering, HR and hospitality workers also grew by 20% or more over the year.
The strong result, in line with other leading labour market indicators, bodes well on the outlook for hiring levels in Australia in the months ahead, suggesting that the themes seen this year will extend into 2018.
Markets will get further information on that front later today with Australia’s November jobs report due to be released at 11.30am AEDT.
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