New data from SEEK has found that job opportunities for the finance sector have dropped significantly compared with the same time last year.
The SEEK Employment summary from March has reported an 11.7 per cent decrease in job ads since March 2018.
Despite the decrease the financial sector was better off than many other industry’s including real estate and property that saw a 20.5 per cent decrease and construction which had a 19.8 per cent decrease.
Overall the SEEK data found that there had been a 4.7 per cent decline in jobs advertised compared to the corresponding year.
However, advertised average salaries had grown across Australia by 2.6 per cent year-on-year which was a positive, according to SEEK ANZ’s managing director Kendra Banks.
“Although year-on-year job ad growth declined this month, job ads continue to be at a relatively high level and the softening we are seeing in growth is mirrored by softening in GDP growth numbers,” she said.
It is important to note that this data reflects jobs advertised on SEEK and is not an indication of all job adverts.
The data contradicts the Sunsuper Australian job index, which found finance jobs were up 10 per cent in the first quarter of 2019.
According to the Sunsuper report permanent job opportunities grew 2.6 per cent in the last year and overall the job index rose by 0.3 percentage points over the year.
Eliot Hastie is a journalist at Momentum Media, writing primarily for its wealth and financial services platforms.
Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.
Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).
You can email him on: [email protected]
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