The Changing Australian Job Market: New South Wales

According to the Australian Government’s Department of Employment, New South Wales is the largest employing state, holding close to one third of all Australian workers.

The Australian Jobs Report is an annual publication that reflects the changes in the Australian Labour Market; providing some great information around industries, regions and career paths that are booming in Australia.

Sometimes it’s not about what you do, it’s about where you look, and this article can help you make the best decision for your future career if you live or are planning to live in New South Wales.

New South Wales has experienced a very stable employment market in recent years, above the national average with 3,920,600 employed at November 2017, and a projected growth of 8.4% over the five years to May 2022.

The state is also the highest regional employer across the nation.

When it comes to education, 69% of workers in NSW have post-school qualifications, compared to the national average of 67%. This supports the notion of NSW holding the title for highest qualified workforce in Australia.

In New South Wales, most jobs can be found in:

In New South Wales, the top five employing industries are:

Circumstances surrounding youth employment in NSW have improved over the year, with the number of employed rising by 12,600 (or 2.2%).

The state’s youth unemployment rate has also dropped, declining by 0.9% to 10.8%

Overall, the short-term outlook for the New South Wales economy according to the Australian Jobs Report 2018 is reasonably positive. There is an expected 1.75% employment growth in 2018-19, while the unemployment rate is forecast to average 4.75% during this timeframe.

From these figures, it is clear that there is no sign of these top five industry areas slowing down. So, if your interests lie in any of the above, browse our courses today and explore your options.