Money These are the largest employing sectors in Australia, and where vacancies are growing

22:05  11 january  2017
22:05  11 january  2017 Source:   Business Insider Australia

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“Western Australia vacancies are stabilising which is positive for employment growth by mid-year,” he says. “Higher iron ore, nickel and gold prices will help lift employment in those areas over the coming year.” The state trends are largely reflective of vacancy levels by industry sector , with growth in services outpacing those seen in other sectors of the economy. And this one shows the trend in employment growth over the past decade among the largest employing sectors in the country.

Tourism is one of Australia ’s largest export sectors and contributes around billion to the economy annually. With a falling Australian dollar and growth in our key source markets this contribution is likely to grow over coming years. 1.1 Australia ’s tourism labour force in 2015. In most cases, the 2015 results are similar to the previous survey: the average business is slightly larger but employs a broadly similar proportion of full time workers, and both the vacancy rate and turnover is similar to 2011.

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Australian job vacancies currently sit at a five-year high, according to the ABS, rising by 7.3% to 181,000 over the past 12 months.

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Also read: The largest employing sectors and where vacancies are growing . 3. BHP’s Andrew Mackenzie met with Donald Trump in New York overnight. He visited Trump Tower in New York to be introduced to the man who will take control of the world’s biggest economy later this month. Maps of the median house price in Australia ’s largest and most expensive capital city. 6. Telstra comes last again.

Main routes to employment . Getting started. As a graduate looking for work in Australia ,you should use a variety of strategies.Newspapers are a helpful starting point when it comes to the Australian job-hunt. The Saturday editions contain large amounts of vacancies . E-commerce is by far the fastest growing industry, particularly as more and more businesses offer a rapidly growing variety of online services. Where are the opportunities? Accounting and finance A highly developed financial sector makes Australia a leading capital of financial activity in the Asia-Pacific region.

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Along with a solid increase in the ANZ job ads series over the past year, it points to the likelihood that employment growth will continue to grow modestly in the period ahead.

But where are they located, and which industries have seen vacancy levels increase?

Enter Michael Workman, senior economist at the Commonwealth Bank, with the answers.

He's drilled into the ABS' quarterly vacancy report released earlier today, producing some ripper charts illustrating what's been happening in parts of the Australian labour market over the past year.

The first shows the number of vacancies by state, looking at the trend going back to when the survey was reestablished in 2009.

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• Contract and part time employment has been growing , with the workforce also more feminised. In general, graduate teachers employed in government schools were often employed near where The largest teacher training provider of graduates varied between regions. In 2010 these were The largest number of difficult-to-fill vacancies in 2010 was for mathematics, with 70 FTE positions.

This largely reflects the high concentration. 7. of small blue-collar contractors (especially in building and construction where the number of contractors has surged) amongst micro-businesses. 1.2: Production of ICT in Australia . Property and Business services account for 11.8% of all employed persons in Australia , yet in 2003 the sector accounted for 17.1% of all job vacancies . (ABS 6105.0 and ABS 6354.0).

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New South Wales and Victoria -- reflective of not only having the largest population bases but also the strongest economic conditions in recent years -- have seen openings grow substantially over the past two years.

However, while vacancy levels in those states are streaking ahead, Workman suggests there is tentative evidence that suggests labour market conditions are starting to improve in other parts of the country.

"The jobs vacancies trends tend to be more favourable for jobs growth in Victoria and New South Wales, but there are signs of an improvement in Queensland that may be related to stronger residential construction and higher coal prices since mid-2016," he says.

Workman also sees a glimmer of light for the Western Australia labour market due to a rebound in commodity prices.

"Western Australia vacancies are stabilising which is positive for employment growth by mid-year," he says. "Higher iron ore, nickel and gold prices will help lift employment in those areas over the coming year."

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The main indicator employed by Engineers Australia has been analyses of vacancy trends using statistics produced by the Department of Employment and Training9. These statistics are useful indicators of changes but are not substitutes for comprehensive information about changes in the The distinction has different implications for engineering. Engineers are necessary to build infrastructure for general and/or private use and to build resources sector activities. For engineers, sectoral differences say something about where engineering employment has been located and how it is changing.

The state trends are largely reflective of vacancy levels by industry sector, with growth in services outpacing those seen in other sectors of the economy.

According to the ABS data, over the past year, higher job vacancies were recorded in construction, transport, communication, finance and insurance, rental and hiring, education and health, along with culture and recreation.

While the bulk of those are linked to services, like the trends seen in individual states, Workman says that vacancy levels are picking up across the mining sector as commodity prices lift.

"Higher bulk commodity prices have lifted profitability, enabling more skilled labour to be utilised to maximise productive capacity," he says.

"It means more direct and allied mining sector employment."

That's reflected in the chart below, tracking the movement in mining sector employment, vacancies and private data released by DFP Recruitment.

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Though he admits that recent gains in bulk commodity prices may reverse in the year ahead, Workman says that while it should dampen favourable employment trends within the sector, it's unlikely to reverse them.

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Between 2006 and 2011, total employment in Australia grew by 2.0% per year. This industry employed over three times as many qualified engineers as the next largest , the Computer Design Against this background, the trend in vacancies for engineers shows extremes of highs and lows.

The final charts from Workman are perhaps the most interesting, although they do not specifically relate to the vacancy report.

The first shows the percentage of total employment in Australia by specific sector, breaking down the number by full and part-time employment.

  These are the largest employing sectors in Australia, and where vacancies are growing © Provided by Business Insider Inc

And this one shows the trend in employment growth over the past decade among the largest employing sectors in the country.

  These are the largest employing sectors in Australia, and where vacancies are growing © Provided by Business Insider Inc

After displacing retail as the largest employer in 2008, healthcare has streaked away from the pack in terms of employment growth, now accounting for a whopping 13% of total employment.

Workman suggests that trend will continue as Australia's population ages.

"In our view it will be the predominant sector in coming decades," he says. "With 13% of the economy’s 12 million jobs, it is set to exceed 15% as the National Disability Insurance Scheme (NDIS) expands."

If that's correct, it's clear where many of Australia's new jobs will come from, and what skill sets will be required to fill them.

However, as is the case with the health sector where 45% of employment is part-time, Workman believes the casualisation of the workforce will likely continue given the shift towards services employment.

"It is a similar issue with the other faster growing services sectors like professional services (accounting, legal and property), accommodation, cafes and restaurants," he says. "They tend to have a much higher proportion of part-time jobs than the economy-wide average of 32%."

That will present a challenge to policymakers given many believe it contributed to record-low wage growth and tepid household consumption levels over the course of 2016.

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