1. Australia’s Future Workforce Worlds of Work, Gold Coast 19 March 2013 Ivan Neville Branch Manager Labour Market Research and Analysis Branch

2. Current labour market conditions Over the year to February 2013, labour market conditions have been relatively subdued: –Employment increased by 197,400 (1.7 per cent) to 11,628,300; –The unemployment rate edged up from 5.2 per cent to 5.4 per cent; –The participation rate rose by 0.1 percentage points to stand at 65.3 per cent; –The Internet Vacancy Index (IVI) decreased by 0.7 per cent in January 2013 and fell more sharply by 23.2 per cent over the year.

3. Sep-08Feb-13 Unemployment rate4.3%5.4% Annual employment growth2.5%1.7% Participation rate65.5%65.3% Long Term Unemployed78,000122,100* IVI vacancy count316,628168,327* Regional disparity6.6% pts8.2% pts* Youth unemployment rate8.8%11.9% Pre-GFC and now... * These figures are for January 2013, the latest available data

4. Internationally, we are still performing well

5. Gold CoastGreater Brisbane Unemployment rate5.3%5.7% Total employment300,8001,073,000 Annual employment growth-2.1%-0.2% Participation rate64.7%67.8% Long Term Unemployed320012,900 Average duration of UE30.3 weeks39.8 weeks Youth unemployment rate10.5%12.6% Gold Coast and Greater Brisbane Source: 3 month averaged original Labour Force Survey data to January 2013

6. Year on year employment growth, Gold Coast Source: 4 quarter averaged original Labour Force Survey data to November 2012

7. National employment growth by industry Actual Projected Indexed, Nov 2002 = 100

8. Structural change in the labour market Source: ABS trend employment data, November 2012

9. Job growth by skill 5 years to November 2012 Source: DEEWR trend employment data, November 2012

10. Labour Market Outcomes by Educational Attainment for 25 to 34 year olds – Gold Coast Source: 2011 Census of Population and Housing

11. Employability skills are important Some willingness to hire someone without Job Specific Skills: Experience (8.8%) Technical skills (6.2%) Qualifications/licensing/registration (2.1%) But reluctance to hire someone without employability skills: Motivation (2.6%) Communication skills (0.9%) Organisational skills (0.5%) English proficiency (0.5%) Teamwork skills (0.3%) Source: DEEWR, Survey of Recruitment Conditions in Capital Cities, March 2012

12. National age profile by industry Source: 4 quarter averaged original Labour Force Survey data to November 2012

13. Going forward, some sectors will perform better than others Source: 2012 DEEWR employment projections to November 2016

14. Prevalence of skill shortages Skill shortages are less widespread than at any time over the past six years. Shortages are more prevalent for trades. Wastage (that is, people leaving the occupation for which they trained) is an issue for a number of trades. Source: DEEWR Skill Shortage Research

15. Persistent Shortages Source: DEEWR Skill Shortage Research Professionals Civil Engineering Professionals Midwives Physiotherapist Registered Nurses Sonographer Child Care occupations Child Care Centre Manager Child Care Worker Trades Workers Airconditioning and Refrigeration Mechanic Automotive Electrician Chef/Cook Hairdresser Metal Machinist (First Class) Motor Mechanics Panelbeater Pastrycook Sheetmetal Trades Worker Vehicle Painter 17 occupations have been in shortage for at least 9 of the past 10 years.

16. Growth occupations Even in a subdued labour market, some occupations have shown solid growth over the past five years. These include: Registered Nurses Sales Assistants (General) Aged and Disabled Carers Electricians Contract, Program and Project Administrators Education Aides Metal Fitters and Machinists Child Carers Truck Drivers

17. Further information For more information: –www.deewr.gov.au/lmipwww.deewr.gov.au/lmip –www.deewr.gov.au/regionalreportswww.deewr.gov.au/regionalreports –www.deewr.gov.au/australianjobswww.deewr.gov.au/australianjobs –www.joboutlook.gov.au –www.skillsinfo.gov.auwww.skillsinfo.gov.au –www.jobsearch.gov.au