Home' Employment Forecast : April 2010 Contents MyCareer Employment Forecast
Source: EMDA Model 2010
The WA economy rises or falls largely on the strength or otherwise of the Mining Sector and after the GFC induced slowdown,
this vital Sector is gearing up again. Already State Final Demand is up 3.4% (December 09) and jobs are starting to grow again.
There has also been a big surge in job ads, which are up 49.1% compared with last year. In February 10, full time jobs grew for the
first time since May 2009.
Like other States, WA is also experiencing strong population growth which also supports economic growth. WA's population grew
by 2.9% in the year to September 09.
With a recovery underway in the Mining Sector, it is no surprise that there are a number of very large mining related projects
underway or planned for the WA economy. The largest is the Gorgan LNG project. This is a $43 billion development and this
makes it one of the world's largest natural gas projects and the largest single resource natural gas project in Australia's history.
Construction work is expected to continue through to 2014. Other projects include the $12 billion Pluto LNG project. There is also
the expansion worth $2.5 billion of the Worsley Alumina refinery. BHP Billiton is developing the Pyrenees oil field at a cost of $2
billion. There is also consideration being given to further expansion of the North West Shelf.
Looking forward, business employment intentions have lifted considerably in WA, with the index rising to +10.1 in December 09
compared to a near historic low of -30.0 in March 09. This factor, combined with the recovery in the Mining Sector, means jobs
are forecast to grow by 0.6% by the February 2011 quarter.
A resurgent mineral sector is boosting the job market in WA
Change in Jobs
Change in Jobs Quarterly
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