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The $160,000 job that bosses can’t fill

Australian money on white
Australian money on white

Job ads around the country have fell a staggering 8.9 per cent in April, but one sector has bucked the trend in a big way.

According to the latest SEEK job ads data, education and training topped the list last month for sectors showing the most growth, up 11.9 per cent compared to April 2018.

And within education and training, tertiary teaching jobs were up an incredible 33 per cent. The average pay for professors is $158,097, research confirms.

“Education and training and healthcare and medical are less susceptible to economic cycles as these sectors are on a long run structural uptrend,” the managing director of SEEK ANZ, Kendra Banks explained.

“The uptrend is fuelled by population growth, international student demand and greater industry demand for qualifications. This means these sectors are likely to top the leaderboard during periods of softening economic growth.”

Here’s how each sector performed in April

Advertised salaries across Australia. Source: SEEK
Advertised salaries across Australia. Source: SEEK

Jobs in the healthcare and medical sector increased by 3.7 per cent, followed by mining, resources and energy, 3.1 per cent, and government and defence, up 2.3 per cent. These were the only four sectors to experience a growth in job ads, with all others recording a year on year fall.

At the other end of the spectrum, jobs in the advertising, arts and media sector slumped 24.1 per cent, followed by trades and services, down 23.4 per cent and construction, also down 23.2 per cent.

“From 2014, we saw consistent growth in job ads which reached a ten-year peak in April 2018. Due to a range of factors, including the easing of macroeconomic conditions, the rate of job ad growth has cooled since April 2018,” Kendra explained.

“This combined with the perfect storm of public holidays, with ANZAC Day and Easter seeing many employees taking increased annual leave and the upcoming election, resulted in April 2019 job ad figures being notably down year on year.”

Across the country

The Australian Capital Territory was the only state or territory to see an increase in job ads.

The Northern Territory recorded a fall of 20.4 per cent, while NSW fell 11.3 per cent.

Job ads in Victoria fell 9.3 per cent, followed by Tasmania (down 9.1 per cent) while Queensland and South Australia both slumped 8.6 per cent.

Western Australia saw job ads decrease by 3.8 per cent.

But while job ads fell, advertised salaries went up.

Advertised salaries across Australia. Source: SEEK
Advertised salaries across Australia. Source: SEEK

The Australian Capital Territory saw advertised salaries jump 4.5 per cent, pipped only by Queensland, where salaries went up 4.6 per cent.

Salaries in Victoria increased by 4.2 per cent, only slightly above the 4.1 per cent increase in South Australia and 4.0 per cent increase in Western Australia.

In NSW, salaries increased 3.9 per cent, while Tasmanian salaries increased 1.2 per cent. Northern Territory jobseekers saw the smallest increase in advertised salaries, up just 0.7 per cent.

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