Coronavirus has forced Aussie businesses to shut shop temporarily, standing down thousands of employees until ‘social distancing’ measures no longer need to be enforced.
And with businesses and schools closing doors, there’s been a significant drop in hiring in the education, retail, recreation and travel sectors.
But there are some sectors bucking the trend, according to LinkedIn’s latest data.
With many businesses working from home, it’s no surprise the software and IT sector has seen a whopping 17.3 per cent increase in hiring over the last week.
And with healthcare workers on the frontline in the fight against the coronavirus, the healthcare sector has seen a 12.6 per cent increase in hiring in the same period.
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The finance industry has also seen a 10.3 per cent increase in hiring over the past week.
Jobs that require transferable skills like customer service advisors and customer success managers, as well as business development managers and sales representatives, are some of the most common role listings.
Employers are on the hunt for specific skills like Software as a Service, lead generation, account management and customer relationship management, the data revealed.
Other roles that require more specialised training are also in demand, like software engineers, business analysts and risk managers.
In the healthcare sector, general practitioners, nurses and clinical research associates are also in demand.
Safest jobs in a recession
Analysis of Australian Bureau of Statistics jobs data during the last three economic downturns (1996-97; 2008-09 and 2013), and the 1990s recession found that of the 220 jobs analysed, only 9 per cent experienced employment growth during each downturn.
And, while this downturn might be a little different, some industries might still fare slightly better than others if Australia enters a recession this year.
Jobs in healthcare, aged and disability care, welfare, marketing and tech generally seem to buck the downward trend.
“Among the occupations that consistently performed well during difficult economic times there were some distinct trends,” Indeed economist Callum Pickering told Yahoo Finance.
“One clear trend that relates to healthcare, education, aged-care services and welfare, is that industries that are funded primarily by the state and federal government are more resilient to a recession/downturn than private enterprise.”
Hiring ramps up in China
China, the epicentre of the coronavirus pandemic, was forced to shut itself down for months in an attempt to contain the virus.
Now, LinkedIn reveals hiring is ramping up.
“While it is clear that the hiring rate has declined, LinkedIn’s data also shows that the hiring rate has already started to improve in China, after the country followed aggressive containment efforts and saw progress in stemming the spread of the virus,” LinkedIn stated.
“Based on early trends in China, we are hopeful that economic activity can resume once the virus is contained.”
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