Yahoo Finance 1 job for every person: Here’s where they are
Australia’s unemployment rate is now sitting at 3.5 per cent - the lowest it has been since August 1974 - but there are still people struggling to find a job.
The Australian Bureau of Statistics (ABS) data released yesterday declared that there was now officially one vacant position for every unemployed person.
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But some industries are more desperate than others to fill positions.
So, here is a breakdown of where the jobs are and what industries need people the most.
Where are the jobs?
According to the June SEEK employment report, there was a decline in job ad postings in every state and territory.
But the small monthly decline is a blip on the radar compared to the massive 23 per cent increase since June last year.
The smallest June declines were seen in:
ACT - down 1.1 per cent
VIC - down 1.2 per cent
QLD - down 1.7 per cent
The greatest decline was in the Northern Territory, which fell by 4.6 per cent, followed by a 4.1 per cent drop in Tasmania and a 3.9 per cent decrease in South Australia.
Tasmania was the only state or territory to see an increase in applications per job ad, growing 2 per cent from the month prior.
“June saw the first drop in job ads for most states and territories this year,” SEEK ANZ managing director Kendra Banks said.
”It was also the first time since the pandemic began that all states have recorded a simultaneous decline.
“The decrease was driven by the largest industries in most states, such as in Victoria where hospitality and tourism roles dropped 10.3 per cent and in New South Wales where job ads in trades and services fell 8.3 per cent.
Which industries are hiring the most
So, we know industries like hospitality and tourism are no longer leading the hiring push after recovering from the COVID-19 lockdowns.
But, which industries are the most in need of workers to fill gaps?
According to the SEEK data, the only industries to record an increase in job ads in June were:
Accounting - up 4 per cent
Design and architecture - up 3.5 per cent
Trades and services - up 1.2 per cent
Insurance and superannuation - up 1.1 per cent
For some of the biggest hiring industries, such as manufacturing, transport and logistics, retail and consumer products, and mining and resources, June was the first decline experienced this year, dropping 5.3 per cent, 5.8 per cent and 1.5 per cent, respectively.
“With skills shortages locally and overseas, international economic uncertainty and rising operational costs, businesses in all industries are under pressure,” Banks said.
“Despite a month-on-month drop in job ads across many industries in June, job ads remain very high compared to last quarter, last year and pre-pandemic levels.
“We may have seen a small drop in job ads this month, but with demand for talent as high as it is, the Great Job Boom is still on for businesses across the country.”
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