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MyCareer Employment Forecast
Change in Jobs
Change in Jobs Quarterly
Recovery is slow in Queensland, but employment intentions are rising
The sun hasn't set on the Sunshine State, but there have been more clouds around than usual. State Final Demand actually fell in
the December 09 quarter (-1.3%), the only State to decline of all the mainland States. This softening in demand has translated to
the job market where employment conditions have been fairly flat. In the latest quarter, jobs have only risen 0.1% and job ads are
still down 14.4% compared with last year. Full time jobs are still falling in the Sunshine State, but the rate of decline has slowed
markedly as conditions at least start to improve.
However, there are some major developments proposed or underway that will assist in the recovery. These include the North
South Bypass Tunnel ($2 billion), and the $1.9 billion duplication of the Gateway Bridge in Brisbane. Mining related work includes
the $2.2 billion Yarwun alumina refinery development at Gladstone. There is also the $1 billion expansion of the Kunioon open cut
coal mine, plus Rio Tinto's $950 million coal mine development north of Clermont. There is also the massive $80 billion deal with
China over 20 years to develop Queensland's first liquefied natural gas project, which is all but guaranteed.
Another bright spot in Queensland is the continued population growth. The population is growing at 2.7% (about 2000 people
per week) and this provides continued demand for services and infrastructure.
In terms of the job outlook, business employment intentions have lifted considerably, with the index rising to +8.5 in December
09 compared to a near historic low of -29.0 in March 09. Although job ads are weak, the population growth, combined with
infrastructure developments and recovering mining and tourism sectors, is expected to see jobs growing at 0.3% by the February
Source: EMDA Model 2010
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