05/10/2004 - 22:00

Job index confirms strength

05/10/2004 - 22:00

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Job index confirms strength

Further signs that the job market is performing well have come with a seasonally adjusted rise of 4.29 per cent in the Olivier Internet Job Index for September.

The growth is across the broader economy, with 17 of the 21 sectors surveyed rising during the month.

Western Australia is holding its own against the other States, further bolstering the good jobs data for the State.

 “There has been no major change between the States and WA is holding its own quite well,” Olivier Group director Robert Olivier said.

In September it was announced that WA’s unemployment rate had dropped below the 5 per cent level for the first time in the history of the Labour Force surveys, to a record low of 4.8 per cent.

IT and Telecommunications continued to put on jobs, boasting a 4.3 per cent rise in September.

The news for the sector has been positive for much of this year, with figures showing that both job numbers and salaries in IT&T were starting to increase.

According to the Olivier survey, jobs growth in the IT&T sector has risen 78.94 per cent in the past 12 months.

“Our analysis shows the growth has been in software development,” Mr Olivier said.

The sector had been in the doldrums since the dot.com bubble burst in 2000.

Mr Olivier said the strength of the job market showed the economy was in good condition, however a strong economy often brings inflationary pressures.

“Whoever wins this election will have a strong economy,” he said.

“Oddly, this election hasn’t shaken employers’ confidence – perhaps the high level of promised spending from both sides has had a positive effect.”

Graduate recruitment has risen 152 per cent in the past 12 months and 11.92 per cent in September.

Engineering and mining job ads dominated the graduate market with 18 per cent of the total, accounting followed with 16 per cent and sales and marketing was third with 12 per cent.

In the trades sector, however,  there is still concern over the skills shortage.

 

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