Australia markets closed

    -9.10 (-0.12%)

    -0.0024 (-0.33%)
  • ASX 200

    -12.10 (-0.16%)
  • OIL

    -0.18 (-0.23%)
  • GOLD

    -3.90 (-0.20%)

    -811.30 (-2.43%)
  • CMC Crypto 200

    +5.02 (+0.97%)

The industries with jobs galore and rising pay packets

Jobs: Australian currency and people walking on the street in the Sydney CBD.
While wages have remained stagnant they are rising in some jobs. (Source: Getty)

Retail workers are in high demand, with the industry seeing a 10.6 per cent uptick in job ads last month.

Job ads for hospitality workers also continued to grow sharply in May, with the volume of SEEK ads increasing by 5.8 per cent.

Accounting jobs also grew by 5.1 per cent last month, followed by roles advertised in manufacturing, transport and logistics, which increased by 4.3 per cent.

Health and medical jobs numbers also ballooned by 3.9 per cent last month.

Most industries were still looking for workers, according to the latest SEEK employment figures, with job ads across all industries rising 2.1 per cent in May.

Fewer people were applying for each job, with the number of applications per job down 2.3 per cent month-on-month.

While the job market continued to tighten in May, SEEK ANZ managing director Kendra Banks said this was now happening at a slower pace. In April, job ads grew 2.9 per cent for the month.

Victoria’s job market was the most active in May, seeing a 3 per cent increase in job advertisements.

Tasmania also recorded an uptick in job ads of 2.9 per cent last month.

The only market to see numbers dropping off was the Australian Capital Territory, where the volume of job ads decreased by 0.7 per cent last month.

The industries taking home extra pay

When there are fewer people competing for more jobs, this tends to put upward pressure on wages because workers can demand higher pay because employers are struggling to fill positions.

Indeed, wages are increasing, rising 0.7 per cent in the March quarter. However, the cost of living has been rising much faster.

Still, some industries are seeing higher wage increases than others.

Rental, hiring and real estate services industries saw the biggest annual change in wages in the March quarter, rising by 3.1 per cent.

People working in manufacturing, information media and telecommunications, and professional, scientific and technical services, also saw a decent 2.7 per cent increase annually.

Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to the free Fully Briefed daily newsletter.