Home' Employment Forecast : MyCareer Employment Forecast April 2011 Contents Total Jobs
With the economy picking up, so is the Transport and Storage Sector. After a weak GFC-induced 2009, jobs are now growing by
1.2% (year ended February 2011). Job vacancies are also growing again.
Airline passenger demand has lifted, particularly as business travel has picked up again with the better economic conditions.
This, in turn, has resulted in a return to jobs growth for the aviation sub-sector, with jobs rising 5.9%. On the other hand, both
Qantas and Virgin Blue have announced diffcult trading conditions due to increases in fuel costs and this is likely to put a
dampener on future jobs growth.
Road freight transport is also picking up again after a slump in 2009 as the logistics sector picks up. Although, with parts of the
Retail Sector weak, road freight transport is still shedding jobs, it is at least at a rate that is lower than during 2010. A recent
winner is the rail transport sub-sector, where improved mining and agricultural volumes have led to a growth in jobs.
In NSW, jobs are growing again as the Agricultural and Mining Sectors lift demand for transport. In Victoria, jobs fell in the frst
half of 2010 mainly due to a weak aviation sub-sector, but they have bottomed out and are about turn the corner. In Queensland,
the recent fooding has slowed recovery in this sector. However, with reconstruction works getting underway this should
stimulate activity, due to the increased need to transport materials. SA has seen a fall in jobs in this sector (-4.1%), while WA is
also taking a breather after very strong growth.
On a trend basis, business confdence continues to be strong in this sector. With the economy improving, a stronger Mining
Sector, a better Agricultural Sector and an improvement in the road freight sub-sector, the models are showing jobs growth at a
level of 4.3% by November 2011.
MyCareer Employment Forecast
Transport and Storage
After a diffcult 2009, growth is being restored, tempered by aviation challenges
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