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Australian Job Market Update and Forecast for 2010

The latest job market forecasts indicate overall growth in 2010 within the Australian job market. Hiring across all the states is set to rise with growth in key industry sectors. Australia is the fastest recovering nation in the Asia-Pacific region as documented in the latest quarterly figures compiled at the end of 2009. On a global scale, Australia also ranked quite high in recovery with regard to its hiring outlook for 2010. The job market skills shortage will again dominate the market. Figures show that the strongest growth will be in the services sector. Reported growth in other key sectors include mining, public administration and education, trade (wholesale and retail), and manufacturing. Those industry sectors also reporting growth (although with weaker figures documented) include financial services, insurance and real estate.

 

What an optimistic way to start the New Year!

 

Cheers,

Annie Cerone

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