Australian Job Market 2011 and 5-Year Projected Forecast

Happy New Year!

Forecasts indicate that job market growth for 2011 and the forthcoming years across many sectors are looking very positive.

Based on reported November 2010 hiring figures, Manpower’s latest Employment Outlook Survey reports the services and mining and construction sectors have the strongest hiring intentions for the first quarter of 2011. The services sector (encompassing professions such as lawyers, accountants, business consulting, IT and employment agencies) was the only sector where hiring expectations continued to consistently increase throughout 2010. The mining and engineering sector was ranked the best performer for the year with acute shortages in 2011 indicated. Transport, logistics and manufacturing gained the highest percentage increase in jobs in November 2011. Other key sectors showing increases included: accounting; administration, clerical and office support; advertising and media; building and construction; education; healthcare; hospitality, tourism and travel; HR; IT&T; legal; manufacturing sales, marketing and customer service; trades and services; transportation and utilities; and wholesale and retail trade.

According to the latest Hays Quarterly Report, hiring activity is back to pre-global financial crisis levels in most sectors. The sectors showcasing the highest demands include:

Accounting and Finance: business analysts, financial accountants, management accountants, commercial analysts, change managers and project managers.
Banking: mobile lenders, credit-focused analysts, stockbrokers, dealers’ assistants, relationship managers, business development managers and retail financial planners.
Construction: contract administrators and estimators, architects with knowledge of Revit software and those with experience in the healthcare sector, civil engineers with experience in road and highway projects, and senior and principal engineers with experience in business development.
Human Resources (HR): generalist HR professionals and executive learning and development specialists.
Administration: office support staff, particularly corporate receptionists and personal assistants.

According to new projections from market research firm IBISWorld, the hot spots for jobs growth and wage rises over the next five years include childcare, transport and health. IBIS forecast that childcare jobs would grow by 27% between 2011 and 2016; and jobs in the logistics industry are set to grow by 22.7%. In the health sector, physiotherapists as likely to experience especially strong demand with total jobs growth in the sector projected to be 16.6% over the next five years.

Cheers,

Annie Cerone

About the Author: Annie Cerone

My Mission: To steer and drive you through your job search journey (stress-free) and win interviews. I’m passionate about all the services and products I offer and deliver to my clients. They've been instrumental in facilitating advancement for thousands of my clients. As a result, I'm continually rewarded with repeat and referral business. I use my academic background in psychology to tap into the mindsets of my clients; helping them to flip negativity and self-doubt, driving them onward and upward. I’m here to do what I do best: market you. As my business slogan says: It’s all about marketing YOU.