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With the largest workforce in the country and growth in mining halved, where will the jobs lie for New South Wales? The Jobs Australia 2014 report from the Australian Bureau of Statistics predicts the fastest-growing industries to 2018.
Jun 24,2014
New South Wales has the largest workforce with almost one in three Australians living and working in the state. Over the five years to November 2013, employment rose by 206,500 or six per cent, slightly below the national growth rate of 6.5 per cent.
Around two thirds of the state’s employment is concentrated in Sydney. Outside of Sydney, the largest number of workers live in Newcastle (272,300).
New South Wales’s employment profile is very similar to Australia as a whole. It is notable, though, that workers in this state are two per cent more likely to have studied after leaving school than the national average. They are also two per cent more likely to have a bachelor degree.
The report notes that 14 of 19 industries experienced jobs growth.
Rental, hiring and real estate services was in decline in the 2013 report but has enjoyed a 16.5 per cent increase in employment in this year’s report.
Mining growth has halved.
Manufacturing has gone from a 1.1 per cent reduction to a 12.1 per cent wipe out.
Information, media and telecommunications has nosedived from 23.7 per cent growth last year to a decline of 19.3 per cent this year.
Illawarra (50 per cent), Hunter (48 per cent) and Richmond-Tweed and mid-North Coast (48 per cent).
Sydney (35 per cent), Wollongong (38 per cent) and Far West (39 per cent)
Wollongong (43 per cent) and the Far West (42 per cent)
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