The Australian job market has shown its resilience in the face of tough global economic conditions, recording a 5.47 per cent increase in the number of job ads run during May.
The increase, tracked by the monthly Olivier Job Index, is the largest so far in 2010, and is an indication of restored business confidence and commitment from companies to team expansion in the lead up to the next financial year, according to Robert Olivier, director of global market intelligence at recruiting company Olivier Group.
"Despite the current global economic environment and volatile share market performance, the Australian job market is growing at an extraordinary pace,” he said in a statement.
All monitored sectors saw growth in online job ads nationally in May with the information technology and telecommunications sector outperforming the wider market with an increase of 5.92 per cent during the month.
The number of full-time positions has increased 5.1 per cent since April, compared to part-time with just a 2.1 per cent increase. Temporary and contract roles also grew 9.1 per cent.
Since may 2009 the national the job market has risen 20 per cent, while ICT sector jobs have grown 32.67 per cent.
State by state changes in ICT roles last month resulted in increases for NSW (7.48 per cent), Victoria (6.66 per cent), QLD (5.87 per cent) and ACT (5.39 per cent), while SA, WA and Tasmania suffered losses.
When compared year-on-year, all states but Tasmania recorded increases led by WA with 57.16 and QLD with 43.97 per cent.