Job Market Growth Down In April
May 13th, 2012
Following a stable period in the first part of the year, new job ad figures down 4% in April Seek Employment Index down 3.4% nationally Job ad figures for mining states (Qld and WA) softened this month
The latest figures from SEEK, released today, show that the
number of new job ads were down in the month of April following a
reasonably stable start to the year.
While April did see a decrease in the number of new jobs advertised on SEEK, for the first three months of 2012 the Australian job market had broadly been in a holding pattern, with continued growth in Western Australia and Queensland, and softer market conditions in the South Eastern states balancing out.
SEEK Executive Helen Souness says, "With such significant forces at play both in Australia and overseas together it is understandable to see the number of new jobs contract a little from a solid March result."
"It will be interesting to see the level of stimulus the Reserve Bank interest rate cuts announced last week will have on the job market in the coming months." Ms Souness said.
The Seek Employment Index (the ratio of new job ads placed with SEEK during the month to the number of applications for those jobs) also softened for the month of April, down 3.4 % nationally.
Ms Souness says, "There are still good opportunities for jobseekers. The past month has seen particular growth in opportunities in Mining, Healthcare and Marketing, as seen with this month's fastest moving jobs at SEEK."
"The demand for Midwives and Neo-Natal nurses is up 17% over the
Fastest moving jobs month on month (April 2012 compared to March 2012)
Mining - Oil and Gas explorers - up 21% Nursing - Midwifery, Neo-Natal and NICU nurses - up 17% Marketing - Brand managers - up 7% SEEK New Job Ad Index
New Job ads posted with SEEK adjusted by 4% in April 2012.
The adjustment was reflected within all states and territories - New South Wales (-2.4%), Victoria (-4.6%), Queensland (-3.6%), South Australia (-7.4%) and Western Australia (-4.8%).
SEEK Employment Index (SEI)
The SEEK Employment Index, the ratio of new job ads placed with SEEK during the month to the number of applications for those jobs, declined 3.4% in April 2012.
At a state level, the SEI softened across all states and territories - New South Wales (-1%), Victoria (-4.8%), Queensland (-3.6%), South Australian (-3.8%) and Western Australia (-4.6%).
New job applications recorded little change for April, down 0.6% nationally.
At a state level, job applications in Victoria rose by 0.1% while New South Wales (-1.4%), Queensland (-0.1%), South Australia (-3.6%) and Western Australia (-0.2%) all experienced negative growth.