Employment Forecast: March 2008 - August 2008
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The latest release of the Fairfax Media Employment Forecast finds Australia’s economy at a turning point and as it turns so will the labour market. Rising interest rates and inflationary pressures at home and the global credit crunch abroad are impacting on growth and evidence of a slowdown is appearing.
However, the jobs boom remains defined by more full time work than part time, growing demand for candidates in the education, health and community, transport and storage sectors, and on-going demand in the construction, mining and business services sectors. One in ten Australians now work in the construction industry, while a similar proportion work in property and business services.
Across all states, jobs growth will continue at a slow but steady rate over the next six months, with Queensland still the standout.
