Top Hiring Industries

The top 10 (in descending order) industries hiring in the June 2023 quarter are:

Observations:

• Overall the downturn in economic activity is starting to pinch, highlighted by a 14% reduction in new employment instances across the board this quarter.

• Trade & Services represented 31.5% of new hires, down from 33% in the March quarter. Building and trades activity is still the primary employment driver, but there are signs of weakening infrastructure and building spending. Whilst the

Trades & Services industry creates a lot of new jobs, unfortunately many are short-term in nature (e.g. project/contract roles) so about one third of these roles last for longer than six months.

• Retail bounced back following previous falls during the holiday months to account for 9% of all new jobs for the quarter (up from 7%).

• Hospitality & Tourism new jobs held steady, and when combined with Retail, reflects household spending priorities.

• Manufacturing saw the greatest reduction in new jobs creation.

• Other industries where the percentage of new jobs increased included Administrative & Office Support, and Community Services.