Mining shines in job report despite weak overall growth
Summary: SEEK has reported its weakest month for growth in Australian job advertisements since March 2017 but the mining, resources & energy sector still led the way across all included industries.....
While job growth for August 2018 was up 5.4 per cent on August 2017 overall, growth for the mining, resources and energy sector was 29 per cent higher in the same period. It represents the 13th month of consecutive growth for the sector, and is the leading sector in the SEEK New Job Ads Australia report.
“Despite growth slowing in recent months, national job ads remain 5.4 per cent higher than the previous year,” said Kendra Banks, managing director ANZ, SEEK.
“So, although it is the weakest growth we’ve seen since March last year, it is indicative of a solid overall demand for labour. We are still seeing jobs growth well above the national average in some of our biggest employing sectors, pointing to a healthy and stable job market for Australia’s crucial industries.”
In second and third place among industries for year-on-year (YoY) job ad growth to August 2018 were insurance & superannuation (22 per cent), and government & defence (21 per cent).
Healthcare & medical, Human resources & recruitment, science & technology, and hospitality and tourism all saw growth in the double digits at 12 per cent each, while advertising, arts & media saw the biggest loss, also at 12 per cent.