Australia has been on a hiring spree over the past six months with employment increasing by a mammoth 250,000, the strongest level of growth over a comparable period since 2000.
It looks like there’ll be further gains to come.
According to new data from Seek, advertisement’s placed on its website rose by 12.1% in the year to September, decelerating slightly from the 13.2% increase seen in August.
“This growth in September was off a high base after advertising on SEEK this August returned to the highest levels seen since 2010,” said Kendra Banks, Chief Commercial Officer for SEEK Australia and New Zealand.
Fitting with recent employment data released by the ABS, Seek said that advertisements increased in all states and territories from a year earlier, led by sharp improvements in South Australia, Western Australia, the Northern Territory and Queensland.
“South Australia and Western Australia notched up the strongest growth in job ads on SEEK this September, up 22.6% and 17.8% respectively [from a year earlier],” Banks said.
“Solid advertising growth was also enjoyed in the Northern Territory, up 16.4%, and Queensland, up 15.7%.”
Elsewhere, advertisements increased by 15% in Victoria, 10.8% in Tasmania and 8.8% in the ACT over the year.
New South Wales, the most populous state in Australia, was the relative laggard, although advertisements still increased by 7.1% over the same period.
Helping to explain the strength in South Australia, Western Australia, the Northern Territory and Queensland, Seek said that growth in advertisements in the mining, resources and energy industry continued to outpace those in other sectors, lifting 60% from a year earlier.
Renewed strength in commodity prices, leading to improved economic conditions in non-mining sectors of those states and territories, is clearly having a positive impact.
Nationwide, large increases were also recorded in trades and services, engineering and construction, lifting 27%, 22% and 17% respectively.
“This reflects strong building construction and infrastructure spending across the country, including rail and road investments,” said Banks.
This chart from Seek shows the annual change in advertisement by industry in September.
The solid report bodes well on the outlook for employment growth in the months ahead, suggesting that demand for workers remains strong across a majority of sectors.
Markets will get further clarity on that front today with the ABS set to release Australia’s jobs report for September.
Employment is tipped to increase by a further 15,000 leaving the unemployment rate steady at 5.6%.