The IT industry appears to be recovering from its slump, with IT&T job advertisements up by 3.4 per cent in May.
The Olivier Internet Job Index figures for May, rose 1.8 per cent, following a 3.7 per cent increase in Australian jobs advertised on the Internet in April, indicating strength in the job market, according to Robert Olivier, a director of the Olivier Recruitment Group.
Olivier said the increase in IT job advertisements will be well received by IT professionals, but said the 12-month fall of 26 per cent gives a more pessimistic perspective.
"It looks as though IT is stabilising" with "growth especially in software development and networks, communications and security," Olivier said.
"People won’t immediately respond to better conditions by spending enormous amounts on IT. They’ll employ more people or buy essential IT enhancements before they'll employ major new technology in most cases," Olivier said.
Overall, including other industries, Olivier said "the market is definitely moving".
"Our week-by-week analysis during the month shows the job market is stronger than the overall figure suggests. There was growth of around 9 per cent overall from the first week to the last week of the month, with increases in 19 out of 21 sectors. We see this surge running through into June," Olivier said.
He said professional services jobs are up overall, and the mining and engineering area continues to be strong.
Olivier said there were no new negative factors affecting the economy or employers during the month, marking a change from the previous eventful quarter.
"There is confidence and certainty among those who are making the calls on employment decisions," Olivier said.
"There is incredible pent up demand among candidates, too. The passive job seekers may have been holding back hoping for more opportunities. Now' s the time for them to start their job hunt," Olivier said.