Job Seeking Increases Whilst Job Ads Drop

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November 13th, 2012

The October SEEK Employment Index (SEI) was released this year on the 9th of November, shedding new insight into the job market of today.  The labour market continues on a downward trend as the SEI drops 8.1%. Commentary from the SEI release includes:

New job ads fall but job seeking increases in October

  • More job applications in October, fewer jobs
  • New jobs ad numbers down 2.8% nationally
  • The trend of a slowing job market continues
  • Teaching positions top the list of fastest moving jobs

 The latest job figures from SEEK have fallen, with new job ads down 2.8% nationally, and the SEEK Employment Index down 8.1% for October.

A slowing job market seen throughout 2012 continued in October, if anything becoming more pronounced with states that were performing well showing signs of harder conditions.

"We have seen the mining states of Western Australia and Queensland holding up very well until recently, however the completion of several major projects together with falling commodity prices seems to have impacted with both states showing a decline in new job ads, down 1.9% and 3.6% respectively" Mr Powell said.

The fall in the SEI (the ratio of new job ads placed on SEEK to the number of applications for those roles) was heavily influenced by a sharp rise in applications through October, up 5.4% nationally.

Job seeking activity rose significantly in October, and with a decrease in the number of new jobs available, those in the market for work will be finding it harder to land a role.

There was however a significant increase in the number of job opportunities in some industries, including teaching and building.

"Certain sectors of the employment market are experiencing significant levels of growth, Teachers from early childhood through to primary are performing very well in that respect as schools hire staff for the new year," Mr Powell said.

Fastest moving jobs, quarterly comparison Aug - Oct 2012

• Secondary Teachers up 94%
• Early Childhood Teachers up 55%
• Builders up 46%
• Pickers and Packers up 46%
• Hair Dressers and Beauticians up 44% 

 SEEK New Job Ad Index

New Job ads posted with SEEK fell 2.8% in October 2012.  The new job ad index fell in all major states New South Wales (-2.2%), Victoria (-2.3%), Queensland (-3.6%), South Australia (-3.6%) and Western Australia (-1.9%)

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, fell by 8.1% in October.

The fall in SEI was pervasive across the states and territories: New South Wales (-7%), Victoria (-6.8%), Queensland (-7.6%), South Australia (-10.3%) and Western Australia (-10.9%)

Job Applications

New job applications were up 5.4%.

State by state figures were up in all States and Territories Victoria (4.5%), New South Wales (4.8%), Queensland (4%), South Australia (6.7%) and Western Australia (9%) for September.