No. 3 - Department of Treasury - The Western Australian Government

More documents

Recommendations

Info

Western Australian Economic Summary2006 No.3IndustryThe trends in employment growth by industry are consistent with broaderevidence of economic activity by sector, with rapid employment growth inthe booming mining and construction sectors.Wholesale sector employment rebounded in 2006 after falling sharplybetween 2004 and 2005, and finance and insurance employment has alsorisen rapidly.Employment data by sector can be highly volatile, especially in smallerStates like Western Australia. To offset this volatility the data in Figure 17are presented as the change in four-quarter moving average levels ofemployment by sector in Western Australia.Even so the data can be erratic, so caution should be used in interpretingthese employment data by sector.The high level of the skilled vacancy index 1 for Western Australia suggestswidespread skill shortages, particularly in the trades, with current demandespecially strong for workers in the construction trades, metal trades andelectrical and electronic trades. Demand for building and engineeringprofessionals has declined over the year to be slightly below the demandlevel of October 2005.Figure 17WA EMPLOYMENT GROWTH BY INDUSTRYRolling Annual Average, Year To November 2006-10% -5% 0% 5% 10% 15%MiningManufacturingUtilitiesConstructionWholesale tradeRetail tradeAccommodation etcTransport & storageCommunicationFinance & insuranceProperty etc servicesGov't admin &EducationHealth/communityCulture & recreationPersonal/otherAll sectors-6.9%-5.7%-0.9%0.9%2.7%2.3%3.2%6.3%5.2%4.9%4.7%5.8%4.9%8.3%10.4%10.2%9.4%Source: ABS Cat. 6203.01 The Skilled Vacancy Index is compiled by the Department of Employment andWorkplace Relations28 Department of Treasury and Finance
2006 No.3 Western Australian Economic Summary35%30%25%20%15%10%5%0%Figure 18YOUTH UNEMPLOYMENT RATES, AGED 15-19Western Australia, Original, 12-Month Moving AverageNov-86 Nov-91 Nov-96 Nov-01 Nov-06Looking for full-time worktotalSource: ABS Cat. 6202.0YouthWestern Australia’s youth unemployment rate averaged 10.9% in the12 months ended November 2006 1 , while the unemployment rate of youngpeople looking for full-time work averaged 13.9% 2 . Both measures of youthunemployment have trended sharply downwards in recent months(Figure 18).Nationally, youth unemployment rates are also trending downwards, butare significantly higher than in Western Australia. In the year to NovemberAustralia’s overall youth unemployment rate averaged 15.2%, and theunemployment rate among 15-19 year olds looking for full-time workaveraged 20.5%.RegionsLabour market conditions diverge markedly across the State’s regions,although unemployment rates are low by historical standards in most areasof the State. Table 9 shows Department of Employment and WorkplaceRelations estimates of the labour force and unemployment rates inWestern Australia local government areas (Cities, towns and shire) outsidethe Metropolitan area, for areas with employment of 2,000 or more.1 These data are presented as 12-months averages as the ABS does not publishseasonally adjusted or trend estimates by State, and youth unemployment fluctuatesfrom month to month, especially when school leavers enter the labour market.2 The youth unemployment rate is defined as persons aged 15 to 19 years seekingemployment, as a share of the 15-19 year old s in the labour force. The full-timeunemployment rate (persons seeking full-time work as a share of the full-time labourforce) is often preferred as a measure of unemployment for this group, as a verylarge proportion of unemployed 15-19 year olds (42% in the year to November) are infull-time education and looking for part time work.Department of Treasury and Finance 29
Page 1 and 2: Western AustralianECONOMIC SUMMARY2
Page 3: Table of ContentsOverview .........
Page 6 and 7: Western Australian Economic Summary
Page 82 and 83:
Western Australian Economic Summary
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
show all

No. 3 - Department of Treasury - The Western Australian Government

Create successful ePaper yourself

Delete template?

Save as template?