Australian Careers Outlook for 2020 – Part Two

2020, Job Market

What is the Outlook for Australian Careers in 2020?  

In this second part of our look ahead, as another new year looms on the horizon, people thoughts turn to fresh starts, and that includes a new job or even a new career. But what does 2020 hold for job seekers? Where the growth areas? What industries are declining? Where is the best place to be practising your particular trade? 

Last time, we looked at industries and occupations that will be the most popular and in-demand in 2020. This time, we are looking at the regions that are most in-demand and attract the most work. 

How Does Is Look When You Live?

The Department of Jobs and Industries have published their findings that give a fascinating snapshot of the state of the country and its areas of employment growth. Employment is projected to increase in every region of Australia. Within each state and territory, employment is projected to grow at a higher rate in the capital cities than in the rest of the state or territory. 

This reflects the higher overall concentration of employment in fast-growing service industries in the capital cities than in regional areas. The greater capital city areas of Sydney, Melbourne and Brisbane are each projected to grow employment at a rate more significant than the national average of 7.1 per cent, and each has a large share of their employment in the industries that are projected to contribute most to national employment growth. 

New South Wales, Victoria and Queensland are projected to make the largest contributions to employment growth over the five years to May 2023, with employment projected to increase by 305,700 (or 7.7 per cent) in New South Wales, by 270,700 (or 8.3 per cent) in Victoria and by 173,700 (or 7.0 per cent) in Queensland. Health Care and Social Assistance make the largest contribution to projected employment growth within all states and territories. The contribution of the Construction and Professional, Scientific and Technical Services industries is stronger in New South Wales and Victoria than elsewhere, delivering 26.3 per cent of the projected total employment growth in New South Wales and 30.6 per cent of that in Victoria. By contrast, Education and Training make the second-largest contribution to projected employment growth in Queensland (15.5 per cent compared with 12.8 per cent nationally and less than 12 per cent in New South Wales and Victoria). 

Australian Careers 2020 Outlook By Region

However, employment growth over the five years to May 2023 is projected to be the slowest in the Northern Territory (up by 6100 or 4.4 per cent), followed by Tasmania (up by 11,200 or 4.5 per cent) and South Australia (up by 38,200 or 4.5 per cent). In each of these states and the Northern Territory the contribution of Health Care and Social Assistance to projected total employment growth, at around 40 per cent, is well above the national average (28.2 per cent), while the contribution of the Professional, Scientific and Technical Services industry, ranging between five and eight per cent, is well below the 12.0 per cent national average. 

The Australian Capital Territory (up by 12,900 or 5.7 per cent) and Western Australia (up by 67,500 or 5.0 per cent) are also projected to record below average rates of employment growth. In the Australian Capital Territory, the Public Administration and Safety industry makes the second largest contribution (up by 2900) to projected employment growth (22.1 per cent compared with 4.3 per cent nationally), closely followed by Professional, Scientific and Technical Services (up by 2600 or 20.1 per cent of projected employment growth).

In Western Australia, Accommodation and Food Services makes the second largest contribution to projected employment growth (16.8 per cent compared with 9.2 per cent nationally) and, notably, Mining employment is expected to increase by 4000, assisted by a favourable dollar and improved commodity prices.

Summary

Not a huge change from the patterns seen in 2019, nonetheless the Australian job market is both buoyant and fairly represented geographically. Job seekers have much to look forward to as they seek new jobs and maybe new careers in 2020.

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