Business

Employers want more from workers

Darryn Smith

OFFICIALLY, as far as the Reserve Bank is concerned, we are not in a recession.

However, if you look at national jobs figures, the market is moving as slowly as it did during the 1991 recession.

In the 12 months to July, 65,000 new jobs were created - of these, 29,000 were full time. To put that in perspective, the previous 12 months saw 256,000 full-time positions added.

It's a reflection of the doubts creeping into our economy, based in no small part on the continued economic troubles in Europe.

It might sound bleak, but like any statistics, it all comes down to context.

Over the same period, the labour force (the number of people aged 15 and over, either employed full or part time, looking for work or unemployed) itself increased by about 65,000.

Given then that the labour force grew by about the same amount of people as there were jobs created, the unemployment rate remained relatively steady at around 5%.

Greater jobs growth means greater choice for jobseekers, and the increased demand for a limited pool of talent means employers have to become more competitive in their recruitment practices.

The limited growth of the last 12 months swings the market back in favour of employers, who can expect to see more applications per vacancy, as the talent pool competes for a small number of opportunities.

For women at least, despite the soft growth, the outlook is particularly positive.

Growth in the labour market for women far outperformed that of men - the latter was all -but flat at 0.1% growth, while the rate of growth for women was 1.1%.

For every full-time job created for men, six have been added for women.

Given that the participation rate for both men and women has remained relatively constant in the last year (˜72% and ˜59% respectively), that translates to a wider range of job options for women - perhaps surprisingly even in the mining sector, where the employment growth rate is higher for women than men.

Softness in the retail sector, a traditional employer of teenagers and youth, is making the job hunt more difficult for the under-20s.

Employers are expecting more from their staff, which makes the going tough for teenagers who haven't yet had the opportunity to develop their skills and build work experience.

In broad terms, taking a state-by-state view, the mining states continue to drive jobs growth, with Queensland and Western Australia adding almost 50,000 full-time jobs this year, offset by losses in Victoria and South Australia as manufacturing and construction continue to struggle.

Topics:  employment, jobs, jobs news



Dredging to go ahead at Cudgen Creek

A sand-pumping boat at the Tweed River. Dredging will take place at Cudgen Creek soon.

Dredging to go ahead on lower reach of Cudgen Creek

Balance your iron, thyroid hormones

Tired businesswoman in the office

Learning to balance your thyroid and your iron

Latest deals and offers

Johnny Depp 'deeply respects' Amber Heard

Celebrity

Amber Heard gives away $7 million settlement to charity

The true cost of 60 Minutes debacle revealed

It's a bill that would make even a silk tied barrister blush

Kirk Douglas is defiant, fierce and still standing

VETERAN ACTOR: Kirk Douglas has had a long and varied career.

Kirk Douglas has out-lived almost all his contemporaries

The Hard Word reviews Kyzer Soze

Kyzer Soze are playing Brisbane tomorrow at the Crowbar in Fortitude Valley. Photo Contributed

Kyzer Soze summon the evil for this mighty slab of death metal

Britney Spears 'almost drowned' in Hawaii

Britney Spears has revealed she 'almost drowned' while on holiday

Doco reveals real story behind Black Hawk Down

Former Black Hawk pilot Mike Durant shares his story, which helped to inspire the movie Black Hawk Down, in the TV series No Man Left Behind.

FORMER pilot recounts ordeal which inspired a Hollywood movie.

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia

How a family home can fit on a 250sq m block

This is what you can build on 250m2.

Here's the floor plan of a home built on 250sq m

Investors eye Gladstone's $4m island with resort approval

UP FOR SALE: Turtle Island is on the market.

CHINESE and Sydney investors flag interest in Gladstone island.

Take a sneak peek at this $19m Whitsunday mansion

Mandalay House features a private helipad.

Mandalay is currently on the market with an asking price of $19m

Guess which Sunshine Coast suburb cracked the million dollar list?

This four-bedroom home at 26 McAnally Dr, Sunshine Beach was for sale for $7 million.

List of Australia's five most-expensive suburbs

Does it get any better than this? Check out this $2M home

LUXURY LIVING: The Coral Cove home built by Steve Coates Constructions that took out the best home over $2 million and the Wide Bay Burnett House of the Year at the Master Builders Wide Bay Burnett Housing and Construction Awards.

Wide Bay's best home is right on our doorstep