Home' Employment Forecast : MyCareer Employment Forecast 2010 October Edition Contents Total Jobs
Change in Jobs
Change in Jobs Quarterly
Western Australia has emerged from the GFC as an economic powerhouse again, fuelled by a strong recovery in the demand for
resources. Its economy was growing at 8.7% in the June 2010 quarter, well up from the trough of 1.1% in June 2009. The value
of WA’s mineral production reached $70.9 billion in 2009/10, almost equalling the previous record of $71.3 billion in 2008/09.
The signifcance of the mining industry is also demonstrated by capital expenditure. The Mining Sector accounted for 71% of the
State’s total investment ($30.4 billion). The mining industry is also of national signifcance with WA maintaining its status as the
nation’s largest exporter in 2009–10, contributing 42% ($83 billion) of Australian merchandise exports, which totalled a little
over $200 billion.
This recovery in economic growth, fuelled by the Mining Sector, has generated strong full time jobs growth, with full time jobs
growth up over 6.0% in the last two months alone. At the same time, unemployment has fallen to 4.2% from a peak of only
5.5% in July 2009. Jobs are growing both in Perth and regional areas. In fact, jobs growth hardly slowed in regional areas even
during the GFC.
This strong economic growth and very low unemployment translates into labour shortages continuing to grow in WA. Job
vacancies are at near record levels and WA has just about the same level of vacancies as Queensland - a remarkable situation
given that Queensland has double the population of WA. There continues to be skills shortages reported in just about all trade
and mining related engineering felds in the state.
The job market is expected to continue to beneft from the strong economic growth. Business employment intentions have
continued to grow in WA with intentions +7.6 in the June 2010 quarter, well up from the low of -30 in the March 2009 quarter.
This translates to a strong jobs market with the annual rate forecast to increase to 4.3% p.a. by August 2011.
MyCareer Employment Forecast
WA is returning as an economic powerhouse and the job market is strong
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