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The SEEK Employment Index, which measures the ratio of new job ads to jobapplications, now sits at its highest point since October 2004 following a further4.6% rise in September. Its strong upward trend provides clear evidence toAustralian employers that the tight employment market has some way to run.
The index was considerably higher in all states in September. South Australiarecorded the greatest increase at 6.8%, followed by Queensland (5.8%), NSW (4.3%)and the ACT (4.1%).
Job AdvertisementsStrong growth in job vacancies in the mining, construction, IT&T and consumer goodssectors helped fuel a 4.9% increase in new job ads across Australia last month. Newjobs advertised were strongest in South Australia where they increased by 5.9%.Victoria (4.9%) and Queensland (4.2%) also experienced strong gains.
Job ApplicationsJob seeking activity remained steady in September with the number of jobapplications posted rising by just 0.3%. Western Australia experienced a 2.3%increase in job applications, suggesting that publicity around the resources boommay now be attracting applicants from other areas, but Queensland (-1.6%) SouthAustralia (-0.9%) and NSW (-0.6%) all experienced falls in job application numbers.
Commenting on the results, SEEK Sales Director Joe Powell said:
There s been a lot of talk about skills shortages driving the tightening of thelabour market in relation to the current resources boom. It seems as though theretirement of the baby boomers is possibly a far greater, lurking problem.
In September, property valuers seemed to appear quite suddenly within the five mostcandidate-short occupations nationally and in WA, QLD and Victoria. Anecdotalevidence suggests that demand for valuation services has remained fairly steady, butan ageing workforce and the siphoning of graduates by large funds managers andproperty developers is creating significant workforce shortages that are likely tobe ongoing.
We are hearing about many other professional groups, among them nurses, solicitorsand teachers that are facing a mass exodus of talent due to retirement. More thanever there is a strong role for industry associations, as well employers themselves,to help educate students and skilled professionals about the career opportunities onoffer and to attract ongoing interest from future employees , he said.
Professor Peter Sheehan of the Centre for Strategic Economic Studies said: A strongeconomy, the resources boom and more affordable goods and services are drivingdemand for labour at a rate the market cannot supply. Detailed SEEK data point toskills shortages in the IT&T, Insurance, Science and Technology and Legal sectors,while a slow down in manufacturing and hospitality and tourism has made job seekingmore competitive in these industries , he said.
--onrec.com
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