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MyCareer Employment Forecast
The managerial and professional job market has come back to life after the GFC induced hiatus.
Managerial jobs are now growing at 3.9% and in fact they even grew during the GFC, although at a very small rate. Demand for
CEOs and general managers is growing strongly. Jobs for specialist managers are also growing again (+5.5%). Reflecting the
growth in confidence in the business community and positioning more for growth, sales and marketing managerial positions are
now growing at 4.4%. Also reflecting a better outlook in the Construction Industry, construction managerial positions are growing
again (+10.3%) as are engineering management positions. After some steep cost cutting at the start of the GFC, ICT budgets are
up again and this has resulted in the growing need for ICT management positions. Jobs in this sub-sector are up 7.9%.
Professional positions have also weathered the GFC storm. Although jobs growth stagnated in early 2009, jobs are growing again,
with positions up 2.7%. Jobs for accountants and auditors are growing again. Demand is up for sales and marketing professionals.
Education professional positions continue to grow (+1.7%). An area that didn't miss a beat during the GFC was the health
professional segment, with jobs in this sub-sector growing by 7.1%. In fact, during the GFC, 36,000 health professional positions
were added in Australia. Demand for ICT professionals is also growing (+3.0%) and with the major banks gearing up their efforts
to introduce instantaneous transaction processing, this will lead to expanded demand for this sector as well. Reflecting the harder
times experienced by some, jobs amongst social and welfare professionals also grew over the GFC.
With the economy continuing to grow and the GFC induced uncertainty abating, the jobs outlook in this sector is strong, with jobs
forecast to be growing by 1.1% in the November 10 quarter. Once again, there will be more reports of skills shortages, especially
amongst engineering related and health related professionals and managers.
Source: ABS/EMDA Model 2010
AUS Business Cap Ex
After a slow first half of 2009, this market is rebounding rapidly
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