Home' Employment Forecast : MyCareer Employment Forecast 2010 October Edition Contents Total Jobs
Change in Jobs
Change in Jobs Quarterly
South Australia is benefting from the strong recovery in the resources market, with its economy growing 5.4% in the June 2010
quarter, well up from the June 2009 trough of 1.6%. This has led to full time jobs growth, growing for four consecutive months.
This jobs growth is currently centred on Adelaide, increasing at 3.4% p.a. in the year to August 2010. In the regional and rural
areas overall, jobs are still falling (-3.8% year ended August 2010). However, on a more positive note, the rate of decline has
slowed from the peak of -4.2% reached only a few months ago. In addition, job vacancies for the state are at record levels and
are 45% higher than the pre-GFC peak.
Like the rest of Australia, the state has experienced a fall in unemployment which was down to 5.3% in August 2010 from a peak
of 5.7% in February 2009. This indicates that SA is approaching full employment.
The Mining Sector is a signifcant contributor to the South Australian economy and BHP has announced it expects to make a
decision on its $16.9 billion Olympic Dam copper/uranium mine expansion in the next 18 months. Should this proceed, it will
provide a huge boost to the SA economy.
Employment intentions have continued to grow in SA, with intentions +6.9 in the June 2010 quarter, well up from the trough of
-29 in the March 2009 quarter. With a strong outlook for the Mining Sector in particular and better employment intentions, the
jobs market is forecast to continue to grow, reaching +1.9% in the year to August 2010.
MyCareer Employment Forecast
South Australia is a steady performer and this is expected to continue
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