Australian Job Market Stats
May 17th 2006, 5:13 am
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Australian Job Market Stats
Info released from Seek for April:
There were just 17 working days in April, but the Australian labour market remained strong, according to the latest SEEK Employment Index data. In summary, the Report found;
The number of new jobs advertised in April was 20% higher than six months ago, and job applications per ad fell slightly by 0.9% after a period of stabilisation.
The SEEK EI, which measures the ratio of new job ads to applications for those jobs, rose by 4.1% to 110.4 after a 1% drop in March.
The SEEK EI is now 8.7% higher than six months ago, indicating that growing demand (new job ads) and stabilised supply (number of applications per ad) are combining to create further tightening in the Australian labour market.
In April, the number of new job ads posted rose by 3.0% (seasonally adjusted), with increases recorded in all states and territories.
Job seeking activity decreased slightly in April by 0.9%, but remains 19.3% higher than 12 months ago.
A number of industry sectors are booming. New job ads in construction and engineering are 49.1% higher than 12 months ago, strongly reflecting the mining boom and growth in QLD and WA. Information technology and telecommunications growth is also strong, with new job ads 29.3% higher than 12 months ago.
According to Professor Peter Sheehan, Director of the Centre for Strategic Economic Studies, "April was a difficult month for interpreting economic data, with Easter, ANZAC Day and four full weekends falling within a 30 day month, however the data implies that the labour market tightened further in April, ahead of the interest rate rise and the expansionary Federal budget. It will be interesting to observe how these conflicting forces impact over the next few months on employer demand for new staff, particularly in those states that aren't riding on the back of the resources boom."
There were just 17 working days in April, but the Australian labour market remained strong, according to the latest SEEK Employment Index data. In summary, the Report found;
The number of new jobs advertised in April was 20% higher than six months ago, and job applications per ad fell slightly by 0.9% after a period of stabilisation.
The SEEK EI, which measures the ratio of new job ads to applications for those jobs, rose by 4.1% to 110.4 after a 1% drop in March.
The SEEK EI is now 8.7% higher than six months ago, indicating that growing demand (new job ads) and stabilised supply (number of applications per ad) are combining to create further tightening in the Australian labour market.
In April, the number of new job ads posted rose by 3.0% (seasonally adjusted), with increases recorded in all states and territories.
Job seeking activity decreased slightly in April by 0.9%, but remains 19.3% higher than 12 months ago.
A number of industry sectors are booming. New job ads in construction and engineering are 49.1% higher than 12 months ago, strongly reflecting the mining boom and growth in QLD and WA. Information technology and telecommunications growth is also strong, with new job ads 29.3% higher than 12 months ago.
According to Professor Peter Sheehan, Director of the Centre for Strategic Economic Studies, "April was a difficult month for interpreting economic data, with Easter, ANZAC Day and four full weekends falling within a 30 day month, however the data implies that the labour market tightened further in April, ahead of the interest rate rise and the expansionary Federal budget. It will be interesting to observe how these conflicting forces impact over the next few months on employer demand for new staff, particularly in those states that aren't riding on the back of the resources boom."
