Advertised job vacancies in financial planning lead the job recovery in the wealth management sector.
Job advertisements for financial services were up by 4.32 per cent in December, according to the latest Olivier Job Index.
Specifically, job advertisements in the financial planning sector led the increase with a 7.6 per cent boost in advertised job vacancies. The retail and mortgage banking sector reported an increase of 3 per cent, while insurance and superannuation jobs ads increased slightly by 3.1 per cent.
"Financial services led the job crash during the global financial crisis. It looks like the sector is now recovering," an Olivier spokesperson said.
Overall the Olivier Job Index gained slightly in December, rising 0.48 per cent, with job ads on the major Australian job sites now up just over 10 per cent from their lowest point in July 2009.
"This rise rounds off a remarkable recovery over the last six months in the Australian jobs market," Olivier director Robert Olivier said.
"Last week's second successive fall in the official employment rate strongly suggests the rise in job ads is flowing through to workers, despite the flush of school leavers coming onto the markets."
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