Home' Employment Forecast : MyCareer Employment Forecast April 2011 Contents All generation segments - Gen X, Gen Y, Baby Boomers and Twilight Careers - are experiencing jobs growth again as the
Australian economy recovers.
The fastest growing sector continues to be Twilight Careers. They now number 477,000 workers, with jobs growing at 8.6%.
This group has grown for years, the last time it experienced a decline being as far back as 1999. With continued jobs growth
overall, the opportunities for these older workers can only expand. Although there is still some reluctance to employ older
workers, this attitude is changing as employers value their experience and loyalty. Combined with a general diffculty in fnding
suitable staff, they provide the right answer for many employers.
Boomers are still the second largest segment at 3.9 million, and although many are approaching retirement age, there are still
a lot who want to continue to work. A compelling reason is to top up their superannuation funds, which suffered badly under the
GFC. They also want to continue to enjoy the fnancial and psychological benefts of working.
Generation X had been feeling the pinch, with jobs for this demographic remaining static during the GFC. Now, with vacancies
rising, they are looking more at the next career opportunity. They are still the largest segment by number (4.0 million), and are
more confdent about moving positions as the economy improves.
The recession is over for Generation Y, employers now increasing their roles for these younger workers. There are now 2.9
million in this category. Once again, employers are having to compete more for these younger workers and in turn, Generation Y
expectations of what they should be entitled to is growing again. Generation Y graduates are also back in demand in many areas
such as management consultancies, the public sector, the legal profession and human resources.
MyCareer Employment Forecast
Gen X, Y, Boomers, Twilight Careers
All segments are growing strongly, with Twilight Careers the standout
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