Home' Employment Forecast : MyCareer Employment Forecast 2010 October Edition Contents Total Jobs
Change in Jobs
Change in Jobs Quarterly
Victoria has been a strong economic performer for Australia, in the June 2010 quarter the economy grew at 6.3%, which is well
up from the 0.5% of the March 2009 quarter. Victoria has benefted from strong population growth, a more fexible workforce,
a resilient housing market and the Government stimulus program.
This strong economic growth has lead to full time jobs growth. Full time jobs have been increasing since September 2009. In fact
jobs growth has been so strong that full time jobs are growing at rates that are as high as pre GFC, with full time jobs up 4.0% in
August 2010. Part time jobs are also growing. One of the features of the strong growth is that it is spread throughout the State,
with full time jobs growing both in Melbourne and also in regional areas. Part time jobs also continue to grow in the capital city
as well as in regional areas too. In another sign of the strength of the jobs market, job vacancies are at record highs.
With the stronger jobs growth, unemployment continues to fall and it is now down to 5.5% from a peak of 6.0% in mid-2009.
In Melbourne now the number of unemployed has fallen to 109,500 people in August 2010 compared with a peak of 131,700 in
February 2009; this in turn is much lower than the 1991 recession peak of just over 200,000 unemployed.
Employment intentions have continued to grow in Victoria with intentions up +7.2 in the June 2010 quarter, which is well up
from the trough of -23 in the March 2009 quarter. However, intentions have softened slightly from the +13.8 in the March 2010
quarter. The EMDA models are showing that continued strong jobs growth can be expected and 2011 will be characterised by the
diffculty once again of attracting skilled staff in high demand areas.
MyCareer Employment Forecast
Victoria has been a powerhouse of jobs growth, with more growth forecast
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