Home' Employment Forecast : MyCareer Employment Forecast April 2011 Contents Total Jobs
Change in Jobs
Change in Jobs Quarterly
Victoria continues to be a strong economic performer for Australia, with its economy growing 3.5% in the December 2010
quarter. Furthermore, Victoria continues to beneft from strong population growth, in the year to September 2010, the state
adding 90,500 people (+1.7%).
The combination of robust economic and population expansion has led to strong jobs growth, with jobs up 3.7% in the year
to February 2011. Full time positions are growing at equal record levels (4.0%) and in yet another sign of the strength of the
market, part time jobs growth fell slightly as employers switched their focus from part time roles to full time jobs. Job vacancies
are also at record highs, 43% higher than the same time last year.
With the stronger jobs growth, unemployment continues to fall and it is now down to 5.0% on a trend basis from a mid-2009
peak of 6.0%.
Employment intentions have continued to grow in Victoria, +9.0 in the December 2010 year, well up from the trough of -23 in
the March 2009 quarter. That said, however, intentions have softened slightly from early 2010 and this is expected to lead to a
slowing in the jobs growth in the next two quarters.
EMDA models are showing that continued jobs growth can be expected through 2011, with growth picking up again in early 2012.
Employers are expected to fnd it increasingly diffcult to attract skilled staff in high demand areas.
MyCareer Employment Forecast
Victoria continues as a jobs powerhouse, adding over 100,000 jobs
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