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The Olivier Job Index provides a timely and fascinating monthly snapshot of the real economy. The research into what jobs are advertised on the net shows where the economy is strongest, by sector and state. An increasing number of commentators and economists rely on the Olivier Job Index as an indicator of where the economy is going. The RBA regularly uses Olivier's research, for example. Internet Job Ads have replaced Newspaper Ads as a measure of the real economy. John Edwards is quoted in this Shortlist article for example. The very detailed analysis for major industry sectors is to be found on the Olivier site, along with archived material. Robert Olivier is frequently interviewed by the media. Here he is on Sky News. Job Ad Decline Slows. Sydney, Sunday January 4, 2009. The Olivier Job Index fell just 1.81% (seasonally adjusted) in December. This was a welcome stabilisation in demand after the dramatic 9.83% decline in job ads in November. "December and January are traditionally the seasonal lows in the Australian job market, when hiring activity is put on hold," says Robert Olivier, Director of the Olivier Group. "On these figures we see that employers held on in December after deeply cutting back hiring in November. Perhaps we're seeing the positive impact of the interest rate cuts, supported by the same seasonal optimism that kept retail sales up." Reflecting sustained Christmas shopping, demand for Sales and Marketing staff was positive, rising 1.69% during the month. There were some bigger gains in individual sectors during the month, with Hospitality up 7.15%, perhaps buoyed by 'staycations' – stay at home or domestic holidays because of the weak Australian dollar. Healthcare jobs were the best performers, rising 7.75%, in the month. "For employees in healthcare and education, the safest jobs may be in the public service," Robert Olivier says. Worst hit among the industry sectors during the month were Administration and Clerical jobs where demand fell 15.84%. "Employers are keen to keep front line staff, so support areas are suffering" Robert Olivier explains. "Human Resources job ads fell 4.56% and Accounting jobs are down 7.04% in the month." The fall in demand is also hitting young people hard – with job ads aimed at graduates down 15.7% in a month when many would be looking for work. Opportunities for uni leavers have fallen a whopping 53% in the past year. "This will be a very tough time for people leaving uni or school without a job to go to," Robert Olivier says. "Casual and Vacation jobs fell 16.5% in December, traditionally a peak time, slowing one traditional entry to the workplace for young people." Winners and Losers by Sector for calendar year 2008: Losers: Admin and office support -55.2% Banking and financial services -48.4% Advertising and media -40.3% Human Resources -37.9% IT and Telecoms -37.2% Winners: Engineering +15.92% Education +4.3% Healthcare -1.6% While Engineering and Mining jobs remain strong, the decline of the once mighty resource states continues, with Queensland dropping 20.88% in 12 months and Western Australia by 7.21%. Nationally job ads fell by 22.98% in 12 months. NSW was the worst performer with job opportunities falling 33.48% in the biggest state. "If this easing in decline of job ads is a consequence of the interest rate cuts and the fiscal boost, then it might give the Federal government some confidence to continue with positive policies. Job creation, especially for young Australians, must continue to be a high priority for the Australian government." Robert Olivier is a Director of Olivier Group. The Olivier Job Index surveyed 276,737 Positions Vacant ads on commercial job sites in December and analysed them by state and industry sector. Robert Olivier is available for interview, and the microeconomic data including graphs of the industry sectors surveyed in the Olivier Job Index will be available on Monday January 5 on www.olivier.com.au Unless otherwise noted, all OJI figures quoted are seasonally adjusted, based on ABS advice. Released by Corporate Communications and Counsel. www.corpcoms.com Contact Bob Hughes 0407 901 587 or Katherine Scott 0415 764 159. Olivier Group, Level 9, 28 Margaret St, Sydney 2000. 9262 5344 Historical Releases: November 2008 Release October 2008 Release September 2008 Release August 2008 Release July 2008 Release June 2008 Release May 2008 Release April 2008 Release March 2008 Release February 2008 Release January 2008 Release December 2007 Release November 2007 Release October 2007 Release September 2007 Release August 2007 Release July 2007 Release June 2007 Release April 2007 Release March 2007 Release February 2007 Release January 2007 Release December 2006 Release November 2006 Release October 2006 Release September 2006 Release August 2006 Release |