SEEK Employment Report- March 2024
NATIONAL INSIGHTS:
- Job ad volumes appear to be stabilising, rising 0.1% quarter-on-quarter (q/q), and 2.4% month-on-month (m/m).
- Applications per job ad rose 1.7% from the month prior.*
STATE & TERRITORY INSIGHTS:
- All states and territories recorded an increase in ad volumes in March.
- New South Wales recorded its largest m/m rise in two years, up 2.6%.
INDUSTRY INSIGHTS:
- Ads for Information & Communication Technology rose for a second consecutive month, growing 5.1%
- Only three industries recorded small declines in March: Trades & Services (-0.4%), Hospitality & Tourism (-0.6%) and Mining, Resources & Energy (-0.1%).
*Applications per job ad are recorded with a one-month lag. Data shown in this report refers to February data.
Applications per job ad rose in almost all industries, with a 10% jump in Healthcare & Medical roles. Accounting, Retail & Consumer Products and Education & Training all saw 4% more applications per job ad in February.
Figure 4: National SEEK Job Ad percentage change by industry (March 2024 vs February 2024) – Ordered by job ad volume
-ENDS-
Banner photo by Anna Shvets.
ABOUT THE SEEK EMPLOYMENT REPORT
The SEEK Employment Report is Australia’s leading employment index and provides a comprehensive overview of the Australian Employment Marketplace. The report includes the SEEK Employment Index (SEI) which measures only new job ads posted within the reported month to provide a clean measure of demand for labour across all classifications.
NOTES
(1) The SEI may differ to the job ad count on SEEK’s website due to a number of factors including: a) seasonal adjustments applied to the SEI; b) the exclusion of duplicated job ads from the SEI; and c) the exclusion of Company Listings (included under Company Profiles) from the SEI
(2) The Covid-19 pandemic led to a high level of volatility in labour market data between April 2020 and March 2022. As a result, caution is recommended when interpreting trend estimates during this period as large month-to-month changes in variables generated multiple trend breaks
(3) The applications per ad index contains a series break at Jan 2016 when the calculation of this series changed from using gross variables (inclusive of all SEEK job listings) to net variables (removing duplicate job listings). This change has a negligible impact on recent data points, but caution is recommended when interpreting data immediately following the series break, and particularly in 2016 where growth rates have not been adjusted for the series break.
Disclaimer: The Data should be viewed and regarded as standalone information and should not be aggregated with any other information whether such information has been previously provided by SEEK Limited, ("SEEK"). The Data is given in summary form and whilst care has been taken in its preparation, SEEK makes no representations whatsoever about its completeness or accuracy. SEEK expressly bears no responsibility or liability for any reliance placed by you on the Data, or from the use of the Data by you. If you have received this message in error, please notify the sender immediately.