Yahoo Finance AUSSIE GRADS: These are the fastest-growing jobs
As Australia’s employment market bounces back with a vengeance, Australia’s entry-level jobs are back on the table, new data has revealed.
After a slide in graduate jobs during 2020 as businesses cut staff in the fight to survive the pandemic, hiring has picked back up for this group, with a 116.4 per cent spike in hiring compared to April 2020.
According to fresh LinkedIn data, graphic designers, teachers, sales specialists, product managers and electricians are the fastest-growing graduate jobs in the country.
LinkedIn data also revealed the industries currently hiring the most graduates, which are software & IT services, construction, corporate services, manufacturing, and healthcare.
“The generation that is graduating now are digital natives and have the digital skills and mindset to succeed in this environment,” said LinkedIn Australia country manager Matt Tindale.
“The rapid digitisation of businesses and services due to the pandemic has led to growth opportunities, not just in the tech industry but also increased demand for digital content, learning and selling.”
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This new generation of workers are also more willing to proactively upskill, he added, which will serve them well in their career path.
“They are also adapting quickly and acquiring skills through short online learning courses which creates great career growth opportunities for them.”
Not only that, but the lockdowns have spurred the 2020 graduating class to network more aggressively, with a 23 per cent rise in the number of LinkedIn connections among 2020 graduates compared to the 2019 cohort.
Though LinkedIn’s data shows graduate hiring has picked up, it still has a fair way to go.
Young Australians remain the most unemployed group in Australia, with the youth unemployment rate still firmly in the double digits, at 10.7 per cent.
But this figure is already a 5.1 per cent fall from May 2020, at the peak of the pandemic.
Young people are more disproportionately impacted by lockdowns as they make up the majority of hospitality and accommodation staff.
However, recent job figures from Seek and ANZ indicate that Australia is currently experiencing a nation-wide hiring spree.
Even recent lockdowns are unlikely to stem the overall lift in the employment market, according to ANZ senior economist Catherine Birch.
"Recent history shows that workers laid off or stood down during lockdowns tend to be reinstated or find new jobs quickly once restrictions lift, given the underlying strength in the labour market and overall demand,” she said.
ANZ predicts the unemployment rate, currently at 5.1 per cent, will continue sliding for the rest of the year.
“Vacancies are twice their pre-pandemic level, and there are now 1.9 unemployed people per vacancy, easily the lowest ratio on record,” Birch said.
“This suggests the unemployment rate has a lot further to fall.”
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