Home' Employment Forecast : MyCareer Employment Forecast April 2011 Contents Total Jobs
The Manufacturing Sector has continued to weaken, with jobs falling 1.9% in the year to February 2011. Although the economy
overall has improved, this sector has been particularly hard hit by the high exchange rate of the Australian dollar. This not only
makes our manufactured exports more expensive and therefore less competitive overseas, but also means imports to Australia
are cheaper, making it harder for the local industry to compete.
Although this sector has continued to lose jobs, there are some bright spots. Food manufacturing jobs continue to grow
(+3.2%), while pulp and paper manufacturing is also boosting employment as the demand for paper from the business sector
improves. Also refecting the better economy, jobs in the metal manufacturing sub-sector are on the increase. Transport-related
manufacturing is also benefting from the stronger economy and jobs have increased in this sub-sector. On the other hand,
there are a number of sub-sectors where jobs have fallen. Once again, textile, clothing and footwear jobs have fallen. Positions
in this sub-sector have dropped from 102,000 in 1995 to 46,000 currently. Wood manufacturing continues to fall as the housing
sector softens. Machinery and equipment manufacturing has also weakened, this sub-sector being more vulnerable to cheaper
At the state level, all states other than Queensland have recorded jobs decline. In Victoria, jobs have fallen again, although only
by a small amount. Refecting the more diffcult trading environment, National Foods has announced the closure of one of its
food manufacturing facilities in Victoria at a cost of 133 jobs over three years. Jobs continue to fall in NSW, WA and SA.
Although optimism has increased somewhat after the impact of the GFC-induced lows, confdence in this sector has softened
and vacancies are still below the levels prior to the GFC. Accordingly, the EMDA sector model is showing that further job
reductions can be expected, albeit at a slower rate. By November 2011, jobs are expected to have fallen by another 1.6%.
MyCareer Employment Forecast
This sector continues to struggle under the weight of a strong $A
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