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Australian salaries increase across top sectors in August 2018

Posted on October 1, 2018
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Australian salaries increase

Australian salaries increased across top sectors in August 2018 and the national increase was average of 4%. Two territories recorded an increase in salaries above the national average and highest growth as well. Australian Capital Territory – ACT witnessed an increase of salaries at 7.6%. On the other hand, Northern Territory witnessed an increase of 6% in salaries.

ACT also recorded the highest average for yearly salary with 90, 079 $, as quoted by the Insight Resources SEEK. The majority of the industries are witnessing an increase in average salaries that are advertised.

The strongest yearly growth was recorded once again by Mining, Resources, and Energy. The increase in salaries recorded for this sector was 10%. The next top sectors for the growth of salaries were Trades & Services and Science & Technology. Both of these recorded the average growth of salaries at 7%.

The sectors that remained stable are Sport & Recreation, Consulting & Strategy, CEO & General Management, and Self Employment. There was neither growth nor decrease in their average salaries as compared with August 2017.

The Australian Bureau of Statistics also revealed the leading sectors in Australia for employment. Healthcare & Medical and Social Assistance is the largest employer in Australia at present. It accounts for 13% of the entire workforce in the nation. It had overtaken the Retail sector as the leading employer in 2010. It remains in the top position since then and continues to steadily expand.

Nursing roles account for 22% of the Medical and Healthcare job market. These have been

The leading performing Australian states for jobs growth in Australia was lead by Tasmania with 30%. It was followed by South Australia with 24% and New South Wales with 21%. These have been the biggest contributor to the growth of the sector in the recent months.

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If you are looking to Study, Work, Visit, Invest or Migrate to Australia, talk to Y-Axis, the World’s No.1 Immigration & Visa Consultant.

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