Job Market Demand Easter 2014

The Job Market

Welcome back to the Job Market Demand updates, Easter 2014 edition.

There’s been no dramatic changes in the economy at a local, regional and international level that would have caused me to check these numbers earlier; and that’s just the way we like it around here.

But despite that, its high time we check those numbers again given that our last report was a few months ago.

Job Market Demand: All-Industry

Here are some interesting averages of the jobs advertised within the Banking, Technology and Sales fields, from 2012 up to this point:

The intuition comes in when a standard column chart is applied over the pivot table:

The first column in blue represents permanent Banking jobs advertised in Sydney. The data suggests that there is slow, steady growth in the industry, particularly when compared to Melbourne (growth at a smaller scale) and the rest of the country.

The same cannot be said about our Technology sector which is clearly declining since 2012 – the decline in Sydney (green column) is quite prominent.

On a positive note, Sales jobs have increased compared to last year which suggests that companies are selling. Growth in sales is one of my leading indicators that market confidence is slowly bouncing back.

I have all the numbers here (right click, open link in new tab) if you want to interrogate the data further. There’s a lot of information in these numbers – all you need to have is an inquisitive mind and look.

Job Market Demand: Projects

This section plots the number of jobs for contractors. Contractors are hired to work in projects, which by its very nature is transient and typically applied by business to inject growth. In other words, this section represents Capital Expenditure and just like the Sales measure earlier, is a leading indicator of growth (or the lack thereof).

Project Managers

And there’s simply no better indicator of growth than the rise in Project Manager hires, which by the very nature of their role, are hired to run projects:

There’s small steady increases in PM hires in Sydney and Melbourne since 2012 which supports the suggestion made with our Sales figures; market confidence is slowly picking up.

Business Analysis and Developers

This view represents actual work taking place in projects as represented by Business Analyst and Developers:

Note that I also have Consultant and Tester / Quality Assurance roles in these numbers which you can also interrogate.

The number of BA roles in Sydney has actually dropped but this maybe caused by the Easter period. Melbourne on the other hand is showing improvements in BA hires compared to last year.

The demand for Developers is looking good in Sydney and other parts of the country (Brisbane, Perth, Adelaide and Canberra).

Did you notice the contrast between these numbers and the permanent/full-time hires in Technology in our opening chart? What this does suggest to me is that “we are doing a lot of development but only need fewer resources to maintain technology once deployed“.  (which is not necessarily a bad thing.)

HOT Months

Just to round things off, I thought it would be interesting to look at seasonality; the periodic movements in trend over the year.

No surprises here: December and January are by far the slowest months for job hires in the contracting space over the year (due to the number of holidays during the period).

In stark contrast, February and September are our hottest months.

We are not looking too bad at the moment in April, landing right around midpoint (which is quite surprising given the number of holidays around this time).

To wrap-up, we’re not exactly in a pre-2008 boom phase. But we’re not exactly Europe either. Considering that our Mining sector has pretty much flatlined – I have the numbers there but did not bother with the graphs, I see the numbers on a daily basis and they do not look good – our economy has found other ways (sectors) to keep the ship steady. And that’s a good reason to eat our eggs in Easter.

Until the JMD report – take care out there.

PC @ MMA

2 thoughts on “Job Market Demand Easter 2014

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