Home' Employment Forecast : MyCareer Employment Forecast April 2011 Contents The MyCareer Employment Forecast was developed by Fairfax Media , in conjunction with Economic and Market Development
EMDA employs a four-step process (see diagram below), using EMDA proprietary methods to build employment forecasts for
Australia and States. Forecasts are also built for key industries as defned by the Australian Bureau of Statistics. The MyCareer
Employment Forecast is different from other market sentiment forecasts because it forecasts the actual job market in terms
of total jobs. Rather than providing an index unrelated to the actual level of jobs, our forecasts give the industry a real gauge of
future business intentions expressed in terms of actual persons employed.
How it works
First, a systematic analysis is undertaken at the national level for each industry sector and the market overall. This analysis
identifes the macro-factors that contribute to the industry and total employment – these are what is termed “industry drivers”.
These drivers include macro-economic variables and business confdence inputs such as :-
• Private Consumption
• Gross Domestic Product
• Business Confdence by sector
• Population forecasts
Using EMDA’s proprietary method, the expected employment is mathematically derived from a combination of industry drivers.
This involves the development of a composite index of relevant macro-economic drivers and real business inputs. In this way our
forecasts combine the power of macro-economic forecasting with real business inputs.
MyCareer Employment Forecast
By analysing the key drivers contributing to overall, state and sector employment changes, the MyCareer
Employment Forecast provides employers and recruiters with the best gauge of employment prospects
• Economic Forecasts
Identify using econometric
“drivers” for each industry
and total overall
Derive National, State and
Full report available via
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