Demand for information technology executives in Australia has grown 22 per cent over the past month, according to a survey released.
The EL Index, which shows quarterly hiring intentions for executives in Australia, showed that although executive demand had fallen by 7 per cent in July, it was still running 25 per cent higher than at the beginning of this year.
Grant Montgomery, managing director of EL Consult, publisher of the index, said this was the most positive sign for demand for information technology executives since the collapse of the new economy.
"This is the first serious indication of an IT recovery after the tech wreck collapse that saw demand for IT executives decline from around 30 per cent of all executive positions in Australia to a mere 5 per cent a few months ago," Montgomery said.
Montgomery said the level of IT gains coming from the private sector was promising, with the engineering sector continuing to improve.
Among the states, Montgomery said the ACT and SA were the strongest performers. QLD and NSW recorded modest losses while Tasmania and Western Australia lagged behind.
Meanwhile, there may be some good news for other parts of the IT&T sector this month, with a mere 0.4 per cent fall in jobs advertised, which compares dramatically with a 12-month drop of 60.6 per cent, according to the Olivier Internet Job Index.
The Olivier Index also showed job vacancies advertised on the Internet fell 1.2 per cent in July, with the number of general jobs advertised on the Internet was 62,745 -- 793 fewer than the previous month.
Olivier said the Wall Street "shudders" have had a "flattening effect" on Australian jobs.
Meanwhile, the latest ANZ job advertisement survey shows employment growth has likely peaked and should slow over the months ahead.
The number of job ads in major metropolitan newspapers in July fell 0.6 per cent, seasonally adjusted, following a 1.8 per cent decline in June, ANZ Bank said.
This is the third consecutive monthly decline, and the fifth so far this year.
The number of newspaper job ads in July was, however, still 6.4 per cent above that of July last year.
The latest decline brings to an end, at least for the time being, the upward underlying trend in newspaper job advertising which began in September last year.
In trend terms the number of ads fell by 0.4 per cent in July after a 0.1 per cent increase in June but was 9.5 per cent above July last year.
The number of job ads on Internet sites monitored by ANZ rose by 2.7 per cent in July, following a 1.3 per cent increase in June.