Job advertisements rose for second consecutive month since 2022, pushed by mining and renewable tasks. Purposes per job lastly declined.
What’s occurring: Australian job ads elevated 0.3% in July, marking the primary consecutive month-to-month development since mid-2022, whereas wage development slowed to its weakest tempo in 4 years.
Why this issues: The shift alerts a possible turning level in Australia’s labour market, with employers starting to rent once more whilst wage pressures ease, suggesting financial situations could also be stabilising after months of uncertainty.
Australia’s job market is exhibiting tentative indicators of restoration, with employment ads climbing for the second consecutive month whereas wage development reaches its slowest tempo since 2021.
The newest SEEK Employment Report reveals job advertisements rose 0.3% in July, with all states and the Northern Territory contributing to nationwide development. Solely the Australian Capital Territory recorded a decline, falling 1.5% month-on-month.
Purposes lastly decline
Maybe most importantly for job seekers, the variety of functions per job commercial fell for the primary time in over two years, dropping 0.3% regardless of remaining nicely above pre-COVID ranges.
“Whereas a 0.3% rise in advert volumes is marginal, it marks two months of development, and extends the development of stability seen because the starting of the yr,” says SEEK Senior Economist Dr Blair Chapman.
The expansion displays rising demand forward of latest mining and renewable power tasks, notably in South Australia and Western Australia, the place abilities shortages persist in industrial sectors.
Wage development hits four-year low
Whereas job alternatives enhance, wage development is moderating. SEEK’s Marketed Wage Index rose simply 0.2% in July, marking the primary time marketed wage development has been under 0.3% for 2 consecutive months since 2021.
Annual development has slowed to three.3%, the weakest since August 2021, following eight months of regular development between 3.6% and three.7%.
Insurance coverage leads pay rises
Insurance coverage and superannuation emerged because the standout sector, recording 5.9% annual marketed wage development and among the quickest quarterly development at 1.9%.
“This possible displays the continuing easing in labour market tightness, with employment development 0.5 proportion factors slower over the 12 months to June 2025 than it was to June 2024 and fewer folks switching jobs,” Chapman explains.
Regardless of the slowdown, marketed salaries proceed rising quicker than residing prices for worker households, which slowed to 2.6% year-on-year within the June quarter. A notable decline in mortgage curiosity prices, following the RBA’s money price cuts this yr, largely offset rises in different costs.
The info suggests Australia’s labour market is getting into a brand new section, with job market conditions stabilising after months of decline whereas wage pressures ease from their current peaks.
This text incorporates information from SEEK’s Employment Report and Marketed Wage Index for July 2025.
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