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Job market recovers after Hayne hit

The financial and insurance services job market has rebounded following the dampening impact of the Hayne royal commission, a quarterly index shows.

Permanent job opportunities gained 10.1% on the index in the March quarter, while temporary, contract and casual demand jumped 19.3%, with many of the vacancies attributed to short-term roles in large business transformation projects.

The sector’s strength compares with a 0.4% decline in the overall Sunsuper Australian Job Index in the March quarter on a trend basis.

“The change in job opportunities by occupation and job type is extremely varied,” the report says.

“The industry to draw the most attention was financial and insurance services, which returned two very strong quarters following the royal commission.”

The index measures and tracks digital advertisements on job boards, employer career portals and recruitment company websites.