Home' Employment Forecast : April 2010 Contents 25
MyCareer Employment Forecast
Although the Finance Sector was the epicentre of the Global Financial Crisis, the Communications Sector has also declined
over the last few years. Overall, this industry has been shedding full time jobs (-5.3%) and these jobs have been falling since the
beginning of 2008. Even part time jobs have been flat in this sector.
Continued job shedding, especially in Telstra, has resulted in jobs falling in the YTD February 10 (-4.2%). Revenue at Telstra fell
2.9% in the six months to December 09, but labour expenses fell 8.6% as a consequence of job reductions. Telstra has been
reducing jobs for a number of years, making it difficult for this industry to grow. Over the last five years to 2009, Telstra has
reduced staff numbers by 11,665 FTE positions. However, the telco still employs 43,000 people. One bright spot has been the
mobile phone sector, but even here, there is continued strong competition restricting jobs growth.
At the State level, Queensland has borne the brunt of the jobs lost, although jobs have also been lost in SA and NSW. Jobs are
growing in Victoria. Full time jobs are falling in NSW, Queensland, SA and WA. Victoria is the only state where full time jobs are
actually growing. Part time jobs are growing in NSW and especially Queensland. Part time jobs, however, are falling in SA and WA.
Looking forward, NBNCo has been established to deliver fibre optic broadband and this should deliver a jobs boost, although
there is some legislative uncertainty around the arrangements. The company already employs 100 people, is looking at expanding
this to 300 over the coming year and has plans to expand its workforce by thousands over the next eight years.
With the economy improving, job losses are expected to slow in this industry, but with Telstra looking to reduce staff, jobs are
expected to decline further in the November 10 quarter. The EMDA model is predicting jobs to fall by 0.2% by November 10.
Conditions are improving but there is still some more job shedding to go
Business Cap Ex
Source: ABS/EMDA Model 2010
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