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Australia's labour market and its challenges

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Title: Australia's labour market and its challenges


1
Australias Labour Market and its Challenges
Ivan Neville Labour Supply and Skills
Branch Department of Education, Employment and
Workplace Relations 20 March 2009
2
Labour Market Conditions
  • Labour market conditions remain relatively
    strong
  • - Unemployment rate 5.2
  • - Employment rate 72.9
  • Participation rate 65.5
  • Educational Attainment
  • Year 12 or higher 67.3 (compared with 65.9 in
    May 1998)

Source ABS Labour Force Survey 12 month average
January 2009, Education and Work Survey May 2008
CAT. No. 6227
3
Groups at High Risk of Unemployment
  • Teenage Full-Time Unemployment Rate 23.9

  • - Teenage full-time unemployment to
    population
  • ratio
    4.8
  • Indigenous Unemployment Rate
    14.0
  • Indigenous Employment Rate
    50.3
  • Australian Employment Rate
    72.4
  • Some regions have high unemployment
  • - Regional Unemployment Rate for QLD
    1.4-8.5

Source ABS Labour Force Survey
4
Unemployment Rate by Selected Education
Qualifications
Source ABS Education and Work Survey May 2008
CAT. No. 6227
5
Weekly Earnings by Selected Education
Qualifications
Source ABS Census of Population and Housing 2006
CAT No. 2914 (not include negative income, nil
income, not stated and not applicable)
6
Job Growth by Industry 5 years to November 2008
(000s)
Source ABS Labour Force Survey (DEEWR trend
data).
7
Job Growth for Skilled Low Skilled Labour
Source ABS Labour Force Survey (DEEWR trend
data).
8
Labour Market Challenges
  • Ongoing structural challenges
  • Skills shortages
  • Ageing workforce
  • Slower growth in labour supply
  • Global Financial Crisis (GFC)

9
Professions/Trades in Shortage
  • Health Professions
  • Registered (Nurse, Midwife and Mental Health
    Nurse)
  • Dentist and Dental Specialist
  • Pharmacist (Hospital and Retail)
  • Occupational Therapist
  • Optometrist
  • Physiotherapist
  • Speech Pathologist
  • Podiatrist
  • Medical Diagnostic Radiographer
  • Sonographer
  • Automotive Trade Persons
  • Motor Mechanic
  • Automotive Electrician
  • Panel Beater
  • Vehicle Painter
  • Electrical Trade Persons
  • Refrigeration Mechanic
  • Electronic Equipment Tradesperson

Source DEEWR SERA Survey
10
Recruitment Success by Skill of Occupation
Source DEEWR Survey of Employers Recruitment
Experiences.
11
Reasons Vacancies Difficult to Fill (Selected
Reason)
Source DEEWR Survey of Employers Recruitment
Experiences
12
Impact of Global Financial Crisis
Latest forecasts from the Treasury (February 2009)
  • Forecast slowing in economic growth
  • GDP growth in Australia is predicted to slow to
    1 in the 2008-09 financial year and 0.75 in
    2009-10
  • Employment is expected to contract in 2009 and
    remain weak in 2010
  • As a result, the unemployment rate is expected to
    rise to 5.5 by June 2009 and 7 by June 2010

13
The Global Financial Crisis
  • Some industries, regions and individuals will be
    disproportionately affected
  • Finance and Insurance and Property and Business
    Services industries most affected
  • - Construction and Retail Trade also adversely
    affected
  • In the 1990s recession, the greatest increase in
    unemployment occurred in regions which were most
    disadvantaged.
  • People with the least skills and experience are
    most vulnerable
  • - Young people, people with low
    qualifications, recent migrants and people in
    casual employment

14
Ageing Workforce
  • The Australian workforce is getting older
  • Almost 2 out of every 5 workers are aged 45 years
    or over
  • Almost half of the workforce in Agriculture,
    Forestry and Fishing Education and Health and
    Community Services are aged 45 years or over
  • The median age of the workforce in 2006 was 39
    years
  • Impact of an ageing population include
  • Greater job and career opportunities for people
    of all ages
  • Mature age workers increasingly being valued by
    employers

Source 2006 Census of Population and Housing,
DEEWR, Workforce Tomorrow
15
Ageing Population 1971 to 2051
Source ABS Population Estimates and Projections
16
Projected Labour Force 2000 to 2050
Source Australian Centre of Population Research
17
Number of occupations in shortage and
unemployment rate, Australia, 1988 to 2007
Proportion of Mature Age Workers in Selected
Skill Shortage Occupations

Source ABS Labour Force Survey (DEEWR trend
data).
18
Projected Job Growth by Industry 5 years to
2013-14 ('000s)
Source ABS Labour Force Survey (DEEWR trend
data) DEEWR Projections.
19
Projected Job Growth by Skill 5 years to 2012-13
Source ABS Labour Force Survey (DEEWR trend
data) DEEWR Projections.
20
Jobs with good prospects - examples
  • Accountants
  • Bookkeepers
  • Bricklayers
  • Cabinetmakers
  • Chefs and Cooks
  • Customer Service Managers
  • Dentists
  • Finance Managers
  • Financial Dealers/ Brokers
  • Fitness Instructors
  • General/Landscape Gardeners
  • General Medical Practitioners
  • Hairdressers
  • Human Resource Professionals
  • Legal Professionals
  • Motor Mechanics
  • Occupational Therapists
  • Office Assistants/Managers
  • Pharmacists
  • Physiotherapists
  • Policy Analysts
  • Project/Program Administrators
  • Receptionists
  • Sales Assistants
  • Security Officers/Guards
  • Waiters

21
Summary and Issues
  • Shift towards services sector and skilled jobs
  • Short-term softening in labour market expected
  • Longer-term slowing in labour supply growth
  • Ageing population

22
Useful Labour Market Information
  • Australian Jobs Publication www.workplace.gov.au/a
    ustralianjobs
  • Job prospects of occupations www.jobsearch.gov.au
    /joboutlook
  • Industry employment prospects at
    www.skillsinfo.gov.au
  • State and Territory Skill Shortage Lists at
    www.workplace.gov.au/skillsindemand
  • JobJuice helps young Australians who are looking
    for work and thinking about their future
    http//www.jobjuice.gov.au/

23
  • Thank You
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