Home' Employment Forecast : October 2009 Contents The Age Employment Forecast
After fve years of very strong growth in this sector, growth came to a thuddering holt in the frst half of 2009. New positions in
just about all areas of Managerial and Professionals services became very rare. The number of managerial positions declined
3.8% (YTD August 09), Specialist Management positions fell by over 5%. Refecting business cost cutting, Research and
Development management positions were also slashed.
Professionals faired better, with jobs growing at 1.6%. In some areas jobs growth has been strong. Demand for Health
Professionals remained strong, with jobs up over 10%. Demand for ICT Professionals has also picked up after slumping in the last
half of 2008. Refecting the more diffcult economic times, jobs for Receivers and Managers has grown as well as the number of
welfare related Professionals. Teaching related positions have also remained strong.
Like the National picture, there are some encouraging signs in this sector. Already quarterly jobs growth has also recovered after
the fall in Feb. 09 which was at the height of the GFC. Demand for Health and Education Professionals remains strong. EMDA
models are showing that this growth will accelerate in the frst half of 2010 as the economy picks up pace.
Source: EMDA Model 2009
Business Cap Ex
Change in Jobs
Change in Jobs Quarterly
Jobs are already starting to recover in this sector
Victoria — Professional/Managers
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