MARKET PULSE: A flagging Australian economy saw engineering job vacancies flag in 2019 with NSW hit the hardest.
Engineers are taking a bigger hit than other professions in the face of a weak national economy according to a new report from Engineers Australia.
Internet ads for engineering roles fell by 9.2 per cent in 2019 while the total number of internet vacancy ads contracted by 7.4 per cent.
Although the sluggish engineering jobs market reflects Australia’s weakest economy since the global financial crisis, the Reserve Bank of Australia expects the economy to gradually recover in 2020, with measures to support public spending on transport and energy infrastructure prompting a rebound in infrastructure investment. A pickup in mining investment is also predicted in 2020.
A slight uptick in engineering vacancy trends in the last quarter of 2019 suggest the economy, and consequently the engineering jobs market, is already on the road to recovery.
The only states to experience an upswing in engineering jobs was Western Australia and Tasmanian. All other jurisdictions observed a downward trend.
NSW is the largest market for engineering opportunities but its growth rate contracted by a notable 21 per cent in 2019. Victoria employs the second most engineers and observed a less dramatic drop off in engineering vacancies in 2019 than NSW, with growth slowing by 14.7 per cent in the year.
Civil engineers remain in high demand, consistently dominating the Australian engineering employment landscape.
The second most prolific ads were for mining engineers, followed by mechanical engineering vacancies.
The data used in the report is based on the Department of Employment, Skills, Small and Family Business’ monthly Internet Vacancy Index, which draws on new advertisements on CareerOne, Seek and JobSearch.