Jobs Boost Predicted
Wednesday, 21st November 2012 at 4:26 pm
At least 137,000 jobs are still expected to be added to the Australian market – including community service jobs – over the coming year despite the slowing economy, according to the MyCareer Employment Forecast.
MyCareer says that in comparison only 58,000 jobs were added in the previous year to August 2012, indicating that the long-term outlook may not be as bleak as we are being led to believe
According to the bi-annual report, Community Services and Health, Engineering and IT jobs can expect to see healthy increases of 3.2%, 3.6% and 3.5% respectively in the year up to May 2013.
The report also reveals that almost every state and industry is forecast to see a modest jobs growth in the next year.
It says that while South Australia remains flat, Western Australia will continue to be the standout with a strong 2.5% jobs growth expected.
The report says that only the Government, Construction & Property and Manufacturing sectors are expected to report declines of 3.4%, 2.1% and 0.6% respectively.
“There’s a lot of business uncertainty after recent reports about the slow-down in China’s economy and the Mining industry, and the rise of national unemployment figures but the overall outlook is quite encouraging as the economy continues to stabilise,” Michael Emerson from Economic and Market Development Advisors (EMDA) said.
“Losses of jobs in the next year will primarily be as a result of public sector job cuts and the strength of the Aussie dollar, which will send more of our manufacturing jobs overseas.”
General manager of MyCareer Paul Kitchin said that the latest forecast provides key insights for businesses in planning for the next 12 months.
“While the outlook varies from industry to industry and state to state there is overall positive news that the numbers of jobs being created in the next 12 months will be more than the past year. In that business environment recruiting the best people will remain a key priority for all companies,” Kitchin said.
The MyCareer Employment Forecast is produced independently by Michael Emerson and EMDA, and analyses national, state, industry, and demographic employment trends and figures over a one year period.