SYDNEY - The number of jobs advertised on the internet is setting records despite threats of an interest rate rise this week and global share market uncertainty.
The Olivier internet job index - based on commercial webpage vacancies - rose by almost 3 per cent, seasonally adjusted, in
July.
That translates into 344,820 internet job ads, which the Olivier Group says is a record.
Science-related jobs were the strongest growth area in July, posting a 19 per cent rise followed by arts and entertainment (up 17.7 per cent) and the legal profession (up 14.5 per cent).
Administration and clerical jobs climbed by just over 9 per cent.
Conversely, tourism and hospitality ads fell by 0.6 per cent as the Australian dollar continued to buy more than US85c, which would have an adverse affect on the sector.
Building and construction lost 0.34 per cent, human resources fell by 0.77 per cent and trades and services slipped by 0.8 per cent.
During the past year the arts and entertainment, multimedia, internet and graphics, and education sectors doubled in size.
Olivier Group director Robert Olivier said an interest rate rise next week was unlikely to dampen the job market.
"In our experience, over the past eight interest rate rises, even after two successive increases, employers may pause for a month, but then they start hiring again," he said.
"The US economy may be a little jittery, but China remains strong and the worst of the drought seems over.
"Recruitment is all about positive prospects and confidence is contagious."
Olivier said 8977 education-related job ads were posted each week, much of it early childhood positions.
"This may be a result of the Government rebates and reflects more young mothers going back to work," he said.
- AAP
