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The Olivier Internet 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 are giving weight to internet stats and abandoning the newspaper ads as an employment indicator. John Edwards is quoted in this Shortlist article for example. The very detailed full analysis is to be found on the Olivier site, along with archived material. We will carry each month's release here, too. December Job Ads Firm Sydney, Sunday January 7, 2007.The Olivier Internet Job Index rose 5.50% seasonally adjusted in December, bucking the usual seasonal trend. “This is not like any previous December in the six year history of the Olivier Internet Job Index,” says Robert Olivier of the Olivier Group. While the raw figure fell, as it usually does, the ABS seasonal adjustment shows an increase compared to previous years. “After November's record low unemployment rate of 4.6%, our data shows that despite three rate rises last year, the Australian job market continued to be very strong. With some economists now saying that the labour market is a key to RBA inflation concerns, our figures suggest that the pressure for interest rate rises will remain.” The weekly breakdown of the IJI shows there was a late slow down in business activity. “This was an unusual December with many people working up until Friday the 22nd. Our data for weeks one and two of December were business as usual reflecting the shortages that have troubled employers all year. “ In December, Building and Construction jobs rose by 15.98% nationally, partly reflecting the housing sector recovery in 2006. The big IT&T sector rose 6.38% in the month. Some sectors fell - Arts and Entertainment was down 8.58%; Education dropped 5.94%; and Transport fell 5.59% 2006's Winners and Losers Over the calendar year all sectors grew, with the national average increasing 49.74% “That's not to say that there are 50% more jobs in the year. The figure reflects the skills shortage, and increasing competition among employers who have to run more ads, and list them longer, “Robert Olivier says. The Winners: Multimedia Internet and Graphics, although a small sector, was a remarkable performer with growth of 130.50% Building and Construction job ads were up 106.11% “You could say that it was a year of jobs on building sites and building websites,” Robert Olivier says. Arts and Entertainment was up 78.13% a sector supported by a buoyant economy when corporates are more philanthropic, and individuals have more discretionary spending. The Engineering and Mining sector, powered by strong commodity prices has powered all year, finishing up 68.61% ahead of the previous December. Banking Services grew 73.9% with the strongest demand in business lending powered by the SME market. Advertising and Media was up 73.12% partly powered by online expansion. The breadth of the employment boom is indicated by the growth in Administration, Clerical and Office jobs which rose 69.73% in the year. The Losers: The least growth in job ads on the net was in the two traditional professional sectors. Legal grew just 16.26% and accounting jobs on the net increased by 19.13% Both these sectors are fairly close knit, with strong professional organisations allowing informal networking and headhunting to supplement advertising. Accounting firms increasingly look overseas to recruit. Transport grew just 21.14%, after a volatile year because of the oil prices. On the back of these figures, Robert Olivier counsels that it's not too soon for job hunters and employers to get busy for the new year. “There are early bird opportunities for job seekers, and employers will be looking to organise interviews soon, too.” Robert Olivier is a Director of Olivier Group. The Olivier Internet Job Index surveyed 239,461 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 Internet Job Index will be available on Monday January 8 on www.olivier.com.au Unless otherwise noted, all IJI 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: December 2006 Release November 2006 Release October 2006 Release September 2006 Release August 2006 Release |