Fuseworks Media

SEEK Advertised Salary Index – September 2023

The SEEK Advertised Salary Index (ASI) measures the growth in advertised salaries for jobs posted on SEEK in Australia. The next quarterly SEEK ASI report will be released in November and will contain industry and state trends.

NATIONAL ADVERTISED SALARY TRENDS

  • Advertised salaries rose 4.8% in the year to September, the same as in the year to August.
  • Month-on-month ASI growth fell slightly from 0.5% in August to 0.4% in September.

SEEK Senior Economist, Matt Cowgill, says:

“Advertised salary growth is still running hot, even as the labour market has started to cool.

“The big month-on-month increases we saw in July moderated a little in September, as the once-off effect of the Fair Work Commission’s aged care award wage rise and the Annual Wage Review have now passed. But advertised salary growth is still robust at 0.4% month-on-month and 4.8% year-on-year.

“With the labour market now moving towards a more normal balance between supply and demand, advertised salary growth is likely to fall from here.”