Australian Employment Market Trents
June 11th, 2012
The high exchange rate, low consumer sentiment and uncertainty
in Europe is making employers nervous and holding back hiring in
many parts of the economy.
Australia's business projections are strong. But some employers are understandably cautious in their hiring and investment. Thankfully Sure People Solutions is working with clients to create talent strategies that bring the right skills into their organisation, maximise productivity and ensure they have the most effective workforce for the future.
Survey results are listed below:
- With seasonal variations removed from the data, employer hiring intentions remain cautiously optimistic. However, the hiring pace appears to be growing more sluggish. The third-quarter Outlook stands at a modest +10%, a decline of 8 percentage points year-over-year and the least optimistic forecast since Quarter 4 2009.
- Positive hiring intentions are reported in all seven industry sectors and in all eight regions, although Outlooks decline year-over-year in all seven industry sectors and in seven of eight regions.
- Hiring expectations are strongest in the Finance/Insurance/Real Estate (+19%) industry sector. The Outlook improves 5 percentage points quarter-over-quarter but declines by 8 percentage points year-over-year.
- Opportunities for job seekers are expected to be weakest in the Wholesale/Retail/Trade (+4%) industry sector where the Outlook declines by 2 and 9 percentage points quarter-over-quarter and year-over-year, respectively.
- For the 11th consecutive quarter employers in the Perth/Western Australia (+19%) region forecast the most optimistic regional hiring pace, although the region's Outlook declines by 7 and 10 percentage points quarter-over-quarter and year-over-year, respectively.
- The least optimistic regional hiring intentions are reported by employers in the Hobart/Tasmania (+2%) region; the Outlook improves by 4 percentage points quarter-over-quarter but declines by a single percentage point year-over-year.