Home' Employment Forecast : April 2010 Contents 23
MyCareer Employment Forecast
This sector is rapidly coming back to life after the doldrums of 2009 when jobs fell. In the February 10 quarter, jobs grew (+2.0%).
This sector has recovered so strongly that full time jobs are recovering as well (+1.6%). Part time jobs are also growing very
strongly (+9.2%) and have been growing for nearly two years.
Property services have improved with the pick-up in the real estate sub-sector. This in turn is largely due to the strong growth in
housing prices in the mainland States. After nearly two years of decline, demand for architects is starting to improve again as the
housing and commercial property sub-sectors come back to life.
Business services as well are chipping in. A clear sign that business confidence is improving is the growth in sales and marketing
positions (growing at over 10%). Demand for legal services has also improved and this has translated into growth in more jobs for
legal professionals (lawyers +10.2%).
SA has been leading the growth in this sector for a while now. Jobs grew over the GFC and both full time and part time positions
are growing strongly. Technical support for the defence industry as well as the planning of the expansion of the Olympic Dam
are supporting this growth. NSW has also started to grow jobs again in this sector. Although at this stage this is confined to part
time jobs, nevertheless the rate of decline of full time jobs has slowed markedly as conditions improve. In Victoria, the real estate
sector has bolstered this industry which, in turn, has been driven by higher real estate prices. In Queensland, full time jobs are
growing again, underlying the return in confidence in the sector. In WA, jobs have fallen, but with the major developments in the
pipeline, this is due to change shortly. Part time jobs are growing strongly in this State.
Overall, with confidence picking up in this sector, backed by a better business environment, EMDA models are showing jobs
growth of 0.9% by November 10.
After a poor 2009, confidence is rapidly returning to this sector
Property and Business Services
Source: ABS/EMDA Model 2010
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