| November job ads surge |
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Advertisements for full-time jobs surged in November, confirming a rebound in the Australian employment market, according to the Olivier Job Index. The job index jumped 5.88 per cent in November, driving a 7.84 per cent rise over the past three months and reversing the October fall, which Olivier described as a "hiccup". The firm's director, Robert Olivier, said hiring full-time workers was back in vogue, with advertisements for full-time jobs rising 5.9 per cent for the month, while advertisements for part-time jobs rose 4.6 per cent. "When we look closely at the figures it seems the job market now is closer to that in 2006 and 2007 than 2008," he said in a statement on Sunday. "This was typical of a strong market with advertisements staying high until the end of the month." Job advertisements in NSW surged 7.28 per cent which outpaced the rest of the nation, Olivier said. Advertisements for jobs in healthcare and the advertising and media sectors were the only sectors to slip, with healthcare down 0.33 per cent and advertising and media job advertisements dropping 1.7 per cent. The number of IT industry job advertisements leaped 11.75 per cent in November, producing a "remarkable rebound" from the 2.6 per cent decline in the three months to the end of October, Mr Olivier said. "It's surprising given that business investment is still not strong but the growth is in financial services," he said. Strong jobs growth is also evident in the mining and engineering sectors as resource exports rebound, with the number of November advertisements up 7.5 per cent across Australia. Most of the growth was in Queensland, NSW and Western Australia which saw mining and engineering job advertisements surge by 12.18 per cent, 9.81 per cent and 8.12 per cent respectively. Building and construction job advertisements rose 3.48 per cent across the nation.
This article was taken from http://money.ninemsn.com.au/article.aspx?id=980408 |