Home' Employment Forecast : MyCareer Employment Forecast 2010 October Edition Contents Total Jobs
Although Manufacturing continues to struggle as it has to compete with a high exchange rate and cheap imports - especially from
Asian countries - business confdence in this sector has improved and is now looking positive. However, actual conditions are still
weak and this sector continues to lose its importance within the Australian economy. In 1994, Manufacturing accounted for 13.5%
of Australian jobs. This has now fallen to less than 9%.
Despite the overall loss in jobs, there are some positive signs. Refecting the strong growth in 2009 of food sales, food
manufacturing is adding jobs (+2.0% year ended August 2010) and as a result of better rainfall, dairy-related manufacturing is
also creating jobs. Another bright spot is wood-related products. This sub-sector has increased jobs by 3.4%, while machinery
and equipment manufacturing is improving thanks to an improved economy (+2.7%). It is not all good news, however, the decline
in textile, clothing and footwear manufacturing continuing, with jobs down 9.3%. Perhaps what is more remarkable is that there
are still 46,000 people employed in this sub-sector despite years of decline. Refecting the slowdown in the Transport & Storage
Sector, employment in transport equipment manufacturing is down 8.8%.
Manufacturing remains weak across all states, especially in WA. In NSW, textile, clothing and footwear manufacturing has been
particularly hard hit, although machinery and equipment manufacturing has been quite strong as business gears up in this State
for better economic times. The traditional centre for manufacturing, Victoria, is also showing jobs decline, not only in the textile,
clothing and footwear area, but also transport equipment, refecting a reduction in investment in that sector. Queensland, although
fat, is growing jobs in machinery and equipment manufacturing as well as food manufacturing. Jobs have been falling in the
furniture manufacturing as consumers tighten their belts. In SA, most manufacturing sub-sectors are weaker, although wood
products is better.
Examining the outlook, although confdence has improved, vacancies in Manufacturing are still below the levels prior to the GFC.
The EMDA sector model is showing that further job reductions can be expected, although at a slower rate. By May 2011, jobs are
expected to have fallen by another 1.2%.
MyCareer Employment Forecast
This sector continues to lag and only a modest improvement is expected
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