Growth

Job growth rises nationwide, with Tassie tiger leading the way

- August 23, 2018 < 1 MIN READ

Seek’s latest job ad data reveals a record year-on-year rise in job growth of 8.7 per cent across the nation. The mining, resources and energy, animals and conservation sectors are leading the high growth. Both sectors have reported a 37 per cent increase in job opportunities since 2017.

When it comes to employment opportunities, Tasmania is consistently outperforming all the other states. In July, Tasmania reported job ad growth of 26.8 per cent year-on-year, three times that of the rest of the nation. 

Tasmanian-based businesses are also reporting high business confidence and very favourable business conditions according to NAB’s July Business Confidence Index. The state recorded +19 business confidence index points in July, the strongest in Australia and ahead of larger states Queensland (+17 points) and Victoria (+16 points).

Some of Australia’s biggest employing industries also recorded strong growth in July. Job ads in the Healthcare & Medical sector grew 18 per cent year-on-year, while job ads in the Trades and Services and Information and Communication Technology sectors both grew by 17 per cent YoY.  These three sectors were the biggest contributors to overall national job ad growth, and account for 29.2 per cent of all available opportunities in Australia.

Kendra Banks, Managing Director ANZ, SEEK, suggested the new financial year has brought strong employment opportunities.

“Even though July’s national figure of 8.7 per cent is lower than the average YoY growth rate for FY18 of 13.7 per cent, SEEK data shows strong double-digit results across the top 20 sectors. This suggests continuous growth over the coming months, creating a positive outlook for job creation across the nation.”

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