SEEK Limited (ASX:SEK) Job Ads Down 8.9% in April but Salaries Grow 4.1%

ABN Newswire |

Melbourne, Australia, - (ABN Newswire) - The latest SEEK (ASX:SEK) (OTCMKTS:SKLTY) Employment Report showed a decline of 8.9% in jobs advertised compared to . Whereas, the average advertised salary across Australia rose 4.1% year on year.

STATE OF THE NATION:

- Overview of (vs. ):

o SEEK job ads are down by 8.9%

o Average advertised salary is up by 4.1%

- The four industries positively contributing to the job ad volume include: Education & Training, Healthcare & Medical, Mining, Resources & Energy and Government & Defence

STATE OF THE STATES:

- All states showing a decline in job ad volume except Australian Capital Territory (+10.1%)

- Healthcare & Medical is the main growth driver in NSW and QLD, with Education & Training leading the charge in VIC and SA

STATE OF THE NATION

Job ad growth in industries related to public service continues to outperform other sectors. This includes Education & Training (+11.9%), Healthcare & Medical (+3.7%) and Government & Defence (+2.3%).

Kendra Banks, Managing Director, SEEK ANZ comments: "From 2014, we saw consistent growth in job ads which reached a ten-year peak in . Due to a range of factors, including easing of the macroeconomic conditions, the rate of job ad growth has cooled since . This combined with the perfect storm of public holidays, with ANZAC Day and Easter seeing many employees taking increased annual leave and the upcoming election, resulted in job ad figures being notably down year on year."

Education leading the way

Education & Training topped the list in for sectors showing the most growth. Within this, roles for Tertiary Teaching (+33%) saw the greatest growth, followed by Secondary Teaching (+21.1%), Early Childhood (+13.7%) and Childcare and Outside School Hours (+10.5%).

Kendra comments, "Education & Training and Healthcare & Medical are less susceptible to economic cycles as these sectors are on a long run structural uptrend. The uptrend is fuelled by population growth, international student demand and greater industry demand for qualifications. This means these sectors are likely to top the leaderboard during periods of softening economic growth."

---------------------------------------------------------------------
Table 1: Four sectors showing job ad growth. 
--------------------------------------------------------------------- 
INDUSTRY                          PERCENTAGE GROWTH (Y/Y ) 
--------------------------------------------------------------------- 
Education & Training              +11.9%   

Healthcare & Medical              +3.7%  

Mining, Resources & Energy        +3.1% 

Government & Defence              +2.3%  
--------------------------------------------------------------------- 

STATE OF THE NATION: SALARY

Despite the slowdown in job ads, the average advertised salary across Australia in April was up +4.1% on last year. We continue to see strong growth in salaries across Queensland (+4.6%), NSW (+4.5%) and WA (+4.2%), with all states showing an increase.

MEDIA NOTE: When reporting SEEK data, we request that you attribute SEEK as the source.

About the SEEK Employment Report

The SEEK Employment Report provides a comprehensive overview of the Australian Employment Marketplace. The report includes the SEEK Employment Index (SEI), which is the first Australia aggregate indicator to measure the interaction between labour market supply and labour market demand.

It also includes the SEEK New Job Ad Index which measures only new job ads posted within the reported month to provide a clean measure of demand for labour across all classifications.

SEEK's total job ad volume (not disclosed in this report) includes duplicated job advertisements and refreshed job ads. As a result, the SEEK New Job Ad Index does not always match the movement in SEEK's total job ad volume.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/75927136


About SEEK Limited:

SEEK Limited (ASX:SEK) (OTCMKTS:SKLTY) is a diverse group of companies, comprised of a strong portfolio of online employment, educational, commercial and volunteer businesses. SEEK operates across 18 countries with exposure to over 2.9 billion people and approximately 26 per cent of GDP. SEEK makes a positive contribution to people's lives on a global scale. SEEK is listed on the Australian Securities Exchange, where it is a top 100 company with a market capitalisation close to A$6billion and has been listed in the Top 20 Most Innovative Companies Globally by Forbes, and Number One in Australia.

Contact:

 
MEDIA CONTACTS:
Andy Maxey 
Senior Public Relations Specialist 
SEEK Australia & New Zealand
T: +61-3-8517-4462
E: amaxey@seek.com.au

Jayne Ellis 
Account Director 
Adhesive
T: +61-2-9281-3933
E: jayne.ellis@adhesivepr.com.au 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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