A recent Manpower Employment Outlook Survey has brought welcome news for Australian job seekers – an encouraging 28 per cent of surveyed employers are planning to increase their staff in the first quarter of 2011.
The Net Employment Outlook – the percentage of employers anticipating total employment in their location to increase in the next quarter minus the percentage expecting it to decrease – now stands at 21 per cent, two percentage points higher than this time last year.
The most optimistic hiring intentions are reported in Western Australia, where the Net Employment Outlook is 27 per cent. Robust hiring is also predicted in Victoria and South Australia, with Outlooks of 22 per cent and 21 per cent respectively, followed by New South Wales at 20 per cent. The ACT is also reporting a stellar unadjusted Net Employment Outlook of 34 per cent (seasonally adjusted data is not yet available).
Hiring intentions have weakened in Tasmania, where the Outlook has fallen by nine percentage points to 14 per cent, as well as the Northern Territory, where the Outlook has dipped six percentage points to 16 per cent.
All industry sectors are expected to experience employment growth to a greater or lesser extent over the next few months. The greatest growth is expected in the Services sector, as well as Public Administration & Education, with respective Outlooks of 28 per cent and 27 per cent. Mining & Construction and Transportation & Utilities are also anticipated to experience healthy increases of 25 per cent and 23 per cent.
Hiring in the Finance, Insurance & Real Estate sector is predicted to slow in the early months of 2011, with the Outlook declining eight percentage points to 19 per cent. Wholesale & Retail Trade’s Outlook has also decreased slightly, down three points to 14 per cent.
Overall, Australia’s labour market continues to perform strongly compared to other countries worldwide.