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The industry where job ads skyrocketed 618% in May

Sports and recreation job ads are on the rise. Source: Getty

Job advertisements are slowly rising from their trough in March, but one particular industry is leading the pack: sport and recreation.

During the fortnight ending 31 May, this sector saw a whopping 617.9 per cent increase in job advertisements compared to the April job post average, according to the latest data from Seek.

The hospitality and tourism industry is also showing some signs of life as bars and pubs begin to open their doors once again, with ad posts up 238.5 per cent compared to the April average.

Sales and retail also saw an increase in ads as lockdown restrictions ease, with these industries up 166.5 per cent and 140 per cent respectively compared with the previous month.

Overall, job ads increased 49.2 per cent compared to the average in April, which is a further uplift from 26.8 per cent and 39.7 per cent in the previous fortnights.

Seek Job ad data over the year. Source: SEEK

“Whilst this continued growth is positive, we are seeing signs that our job ad volume data is

showing a slower rate of growth compared to the start of May,” Seek managing director Kendra Banks said.

And it could slow down further as we head towards June, said Banks.

“As we head into June, we traditionally see a slowing of job ad posting due to the end of the financial year with a boost in July and August when budgets are reset. 

“It will be interesting to see if the easing of restrictions, the economic measures put in place by the government and the new financial year translates to more jobs advertised in July.”

Across the nation, all states and territories have shown growth in the last fortnight, led by Queensland with a 62.5 per cent job ad increase.

In NSW, job ads are up 39.9 per cent and in Victoria ads are up 58 per cent. 

Yahoo Finance Breakfast Club Episode 6. Source: Supplied

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