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The Department of Jobs and Small Business has projected that total employment will increase by 886,100 (7.1%) over the next five years.
The projections, to May 2023, indicate that the long-term structural shift in employment towards services industries will continue.
The sectors projected to have the largest employment increases over this period are:
- Health Care and Social Assistance – increasing by 250,300 (14.9%)
- Construction – increasing by 118,800 (10%)
- Education and Training – increasing by 113,000 (11.2%)
- Professional, Scientific and Technical Services – increasing by 106,600 (10.2%)
Only two industries are projected to experience a decline in employment:
- Wholesale Trade – falling by 9,700 (2.7%)
- Agriculture, Forestry and Fishing – falling by 1,400 (0.4%)
The long-term decline in Manufacturing employment is expected to abate, with growth of 8,500 (0.9%) projected.
The projections were released in a report by the Department on 17 August 2018. They are based on the forecasted and projected total employment growth rates published in the 2018-19 Budget, Labour Force Survey data (June 2018) for total employment, and the most recent detailed quarterly Labour Force Survey data (May 2018) for industry employment data.
Jobs and Small Business Data Analyst Ivan Neville said the report provided a reliable indicator of future jobs growth.
‘Perhaps the most surprising aspect is the projected, albeit small, increase in jobs in manufacturing,’ Ivan said.
‘This glimmer of hope reflects the increased competitiveness provided by the lower Australian dollar combined with an increased focus on adding value in global supply chains rather than in basic manufacturing.’
’These projections – and other useful labour market information on Job Outlook – can help those considering employment options to plan their career pathway.’
Explore the projections further on the Labour Market Information Portal.
Read the full Industry Employment Projections 2018 Report.