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The $120,000 job desperate for workers

·Personal Finance Editor
·2-min read
People walking on the street and Australian money to represent jobs and salaries.
Jobs ads fell slightly for the month but are still significantly higher than pre-pandemic levels. (Source: Getty)

Job ads declined for a third consecutive month, falling 0.6 per cent compared to last month, according to the latest SEEK employment data.

However, job ads are still a whopping 51.8 per cent higher than in August 2019.

All but Victoria and the Northern Territory recorded a monthly drop in job ads.

And it appears Aussies are starting to explore their options, with applications per job up for the second consecutive month, increasing 3.5 per cent from the month prior, the largest increase to be recorded this year.

“There has been a flattening of the curve for both job ads and applications per job ad over the past quarter,” SEEK ANZ managing director Kendra Banks said.

“As job ads ease away from record-high levels, candidate applications are spread less thinly across the great variety in the market, leading to incremental increases in applications per job ad.

Banks said, despite the slight fall in job ads, they were still significantly higher than pre-pandemic levels.

“From a quarterly perspective, all sectors have declined compared to the three months prior,” she said.

”Though, with job ads in most industries still extremely high - compared to pre-pandemic levels - this demonstrates a stabilisation of the market from the peaks recorded earlier in the year, rather than a significant downward trend.

“Job ads in all states and territories are tracking ahead, compared to August 2019, and should unemployment remain at record-level lows as forecast, we can expect this to be the case for some time.”

Industries desperate for workers

Trades & Services was the largest industry to record an increase in job ads in August, rising 1.9 per cent.

But it was jobs in design and architecture that saw the greatest month-on-month growth - up 12.5 per cent from July.

Architecture jobs can pay upwards of $120,000 a year in Australia.

Education and training, driven by a rise in teaching and child-education roles, grew by 5.8 per cent for the month.

Other high-paying roles, in industries such as banking and finance, ICT and legal, are still seeing job ads higher than pre-pandemic levels.

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