Home' Employment Forecast : April 2010 Contents 7
MyCareer Employment Forecast
Employment growth has slowed in SA on a trend basis, although the last two quarters have shown growth. The ABS economic
growth figures show that the State grew 4.1% in the December 09 quarter, ranking it the highest growth State and better than
the National quarterly average (2.8%). This growth has resulted in a return to full time jobs growth, with jobs up 1.1% in February
10. This is the first growth in full time jobs since April 2009.
SA's population growth has helped stimulate the economy, and although slower than other mainland States at 1.3%, this is far
higher than China's and India's population growth.
There are also currently some large projects that will help the economy along. There is the $1.8 billion Port Stanvac desalination
plant, to be completed by end of 2012. There is also the $860 million expansion of the South Road Upgrade Program and the
$560 million Gawler Bypass.
Longer term there is the proposed expansion of the Olympic Dam. Assuming it does go ahead --- which is looking more likely
--- it will be one of the largest mines in the world and will make SA a major force on the international stage in terms of mineral
production. This is estimated to cost $9.1 billion at this stage.
The jobs outlook is quite good in SA. Business employment intentions are lifting considerably, with the index rising to +17.1 in
December 09, compared to a near historic low of -29.0 in March 09 and job ads are up 20% compared to last year. The outlook is
for more jobs growth, with 3000 to be added by the February 11 quarter.
More jobs growth forecast for SA
Source: EMDA Model 2010
Change in Jobs
Change in Jobs Quarterly
Links Archive October 2009 MyCareer Employment Forecast 2010 October Edition Navigation Previous Page Next Page