The Australian jobs market is looking strong for graduates

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  • Graduate jobs, as a share of total job postings, is tracking in line with last year.
  • Based on last year’s data, the best undergraduate degrees for finding full-time work are medicine, pharmacy and dentistry.
  • The worst are creative arts, science and mathematics.

The Australian jobs market is this year shaping up to be one of the strongest for graduates.

Indeed economist Callam Pickering, says graduate jobs, as a share of total job postings, are tracking in line with last year.

“This is a good result since graduate job opportunities rose 23% last year,” he told Business Insider.

Typically hiring doesn’t open up until later in the year but the current conditions for graduates are around their strongest since 2012.

Here’s the pattern of graduate job postings.

Source: Indeed

Analysis by Indeed earlier this year showed full-time employment opportunities for students with an undergraduate degree are on the rise.

It’s still more difficult for graduates to find work than it was before the global financial crisis but companies last year started hiring at a record pace.

Here’s analysis, using Indeed jobs postings and the 2017 Graduate Outcomes Survey, of the graduate jobs market:

  • The best undergraduate degrees for finding full-time work are medicine, pharmacy and dentistry.
  • The worst undergraduate degrees for finding full-time work are creative arts, science and mathematics.
  • 28% of graduates in full-time work reported their skills are underutilised in their current roles. This jumps to 41% if graduates in part-time positions are included.
  • The highest-earning degrees are dentistry at $78,300 and medicine at $70,300, followed by engineering at $64,000.
  • Graduate job postings increased 23% in 2017 following a 19% jump in 2016.
  • 10% of graduate job postings are for teachers, with 5.5% for civil engineers, and 5.2% for accountants and auditors.
  • Postings for graduate jobs top out in March, although for some professions the peak occurs later.

The number of graduate job postings per million job postings rose 23% in 2017.

This is particularly impressive given the improvement in the Australian labour market in 2017, with employment rising 3.3% and the unemployment rate tumbling to a five-year low. It followed a 19% increase in graduate job postings in 2016.

This is how graduate opportunities looked last year:

Source: Indeed

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