SEEK Advertised Salary Index - March
The SEEK Advertised Salary Index (ASI) measures the growth in advertised salaries for jobs posted on SEEK in Australia. This report provides a snapshot of the monthly data. The next quarterly SEEK ASI report will be released in May and will contain industry and state trends.
NATIONAL ADVERTISED SALARY TREND
- March was the third consecutive month in which the SEEK ASI rose by 0.2% m/m.
- Advertised salaries were up 4.2% y/y in March, the slowest rise for 18 months.
Figure 1: Year-on-year growth of SEEK Advertised Salary Index
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Note: seasonally adjusted. Source: SEEK
Figure 2: Month-on-month growth of SEEK Advertised Salary Index
Note: seasonally adjusted. Source: SEEK.
-ENDS-
About the SEEK ASI
The SEEK ASI measures the change in advertised salaries over time for jobs posted on SEEK in Australia, removing much of the effect of compositional change.
The SEEK ASI is a complement to existing data about the growth in wages and salaries in Australia, including the ABS’ WPI. The WPI is a measure of the pace of wages growth across the economy.
The SEEK ASI provides a timely and frequent read on the pulse of advertised salary growth in Australia for vacant roles.
More information about how the SEEK ASI is put together and the data files associated with this report can be found here.
Disclaimer
The Data should be viewed and regarded as standalone information and should not be aggregated with any other information whether such information has been previously provided by SEEK Limited, ("SEEK"). The Data is given in summary form and whilst care has been taken in its preparation, SEEK makes no representations whatsoever about its completeness or accuracy. SEEK expressly bears no responsibility or liability for any reliance placed by you on the Data, or from the use of the Data by you. If you have received this message in error, please notify the sender immediately.