Unemployment continues to be a major issue for Australians regardless of 42,300 extra jobs being created in May this year. According to the Bureau of Statistics, part-time employment opportunities rose by 39,800, while full-time opportunities grew by 2,400. Despite this spike in available positions, the 5.2 per cent unemployment rate remained unchanged due to a record 66 per cent of adults either already in jobs or looking for work.
Craig James, chief economist at CommSec, noted that this data covered the federal election period, which may account for the skew in numbers. The election briefly boosted employment opportunities as thousands of people were hired to help with polling booths and counting votes. According to the Australian Electoral Commission, about 80,000 temporary workers were hired for the election.
Unfortunately, employment growth looks to slow down further in the coming months, with the number of job advertisements dropping. According to employment website Seek, job ads have fallen 6.5 per cent when compared with the same time one year ago.
Based on Seek’s figures, the sectors with the highest increases in job ads over the last 12 months were education, healthcare, farming and conservation, mining and energy, and sports and recreation. On the opposite end, real estate and property, engineering, banking and financial services, trades and services, and admin and office support are all among the many industries that saw job ads decline over the past year.