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A Review of the National Labour Market

A Review of the National Labour Market. 2012 Plumbing Supply Forum. Presenter: Ivan Neville Branch Manager Labour Market Research and Analysis Branch. Australian Labour Market. Over the year to April 2012, labour market conditions have softened:

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A Review of the National Labour Market

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  1. A Review of the National Labour Market 2012 Plumbing Supply Forum Presenter: Ivan Neville Branch Manager Labour Market Research and Analysis Branch
  2. Australian Labour Market Over the year to April 2012, labour market conditions have softened: Employment increased by a modest 69100 (0.6 per cent) over the year to 11 501 000 in April 2012; Unemployment rate remained steady at 4.9 per cent over the year to April 2012; Participation rate fell by 0.4 percentage points to stand at 65.2 per cent in April 2012. The Internet Vacancy Index (IVI) decreased by 0.8 per cent in April 2012 and has declined by 10.3 per cent over the year. Source: ABS, Labour Force, Australia, April 2012, DEEWR Internet Vacancy Index, April 2012.
  3. The Construction Industry in Australia Construction is the third largest industry nationally, with 1 023 600 workers (8.9 per cent of workforce). Construction employment fell by 14 500 workers in the year to February 2012 and rose by 71 900 in the five years to February 2012. The Australian labour market, or at least the part not related to the Mining sector, is currently soft as is residential construction activity. But DEEWR projects solid employment growth for the Construction industry over the next five years Source: ABS Labour Force Survey cat. no. 6291.0.55.003 (DEEWR trend data)
  4. Plumbers in the Construction Industry Source: ABS, Labour Force Survey, Australia, Custom Data Request, Annual Average 2011
  5. Full Time & Part Time, % of Total Source: Australian Bureau of Statistics, Labour Force Survey, Four Quarter Average, February 2012
  6. Males & Females as % of Total Source: Australian Bureau of Statistics, Labour Force Survey, Four Quarter Average, February 2012
  7. Median Weekly Earnings In Main Job - Full-time employees, 2011 Source: ABS, Employee Earnings, Benefits and Trade Union Membership (Custom Data Request, Aug 2011)
  8. Percentage of Employed Persons by Age Group - 2011 Source: Australian Bureau of Statistics, Labour Force Survey, Four Quarter Average 2011: Custom Data Request
  9. Construction Trades Employment Growth – 5 years to Feb 12 (% pa) Source: ABS Labour Force Survey cat. no. 6291.0.55.003 (DEEWR trend data)
  10. Plumbers: Employment Growth ‘000s Source: ABS Labour Force Survey cat. no. 6291.0.55.003 (DEEWR trend data)
  11. Apprentices and TraineesCommencements and Completions Source: NCVER National Apprentice and Trainee Collection, October - September, 1995 – 2011.
  12. Apprentices and Trainees by State (%)Commencements and Completions, 2011 Source: NCVER National Apprentice and Trainee Collection no.70 – Regions, October - September, 2005 – 2011.
  13. Projected Growth in the Construction Industry The Construction industry is projected to increase by 3.6 per cent per annum nationally over the five years to 2015-16 compared with average annual growth of 2.1 per cent across all industries. This equates to an increase of 195 800 workers to reach 1 243 700. The Construction industry is projected to contribute 14.9 per cent of total employment growth in the five years to 2015-16. Source: DEEWR 2011 Employment Projections to 2015-16
  14. Projected Growth for Construction Trades – 5 years to 2015-16 (% pa) Source: DEEWR 2011 Employment Projections to 2015-16
  15. Internet Vacancies for Plumbers (March 06 = 100) Source: DEEWR Internet Vacancy Index ANZSCO 4 digit data (April 2012)
  16. Skill Shortages Shortages for Plumbers have been evident for nine of the past 10 years, but While there are currently shortages, the labour market eased in 2011-12, with a large increase in the proportion of vacancies filled. Shortages are evident in the largest three states and the ACT with employers outside these states filling their vacancies with relative ease. Demand for construction trades workers is currently subdued in line with weak levels of building activity. DEEWR research shows an adequate supply of construction trades workers with strong competition for vacancies in several trades.
  17. Vacancies Filled & Number of Suitable Applicants per Vacancy, Plumber Source: DEEWR Survey of Employers who have Recently Advertised (SERA)
  18. Conclusions Labour market conditions in building construction have softened in the past year. But DEEWR projects that tens of thousands of additional workers will be needed in this industry over the next five years, and employment of Plumbers is projected to grow at a faster rate than Construction Trades as a whole So it is vital that we keep training to meet future demand.
  19. Conclusions - Training The training pipeline for plumbers looks to be in good shape for when activity does pick up. In March 2012, the Prime Minister announced Skills for All Australians, including $1.75 billion over five years for vocational education and training. This additional funding will provide a national training entitlement and expand interest-free loans for people studying a Diploma or Advanced Diploma through the vocational education and training system.
  20. Websites and Publications More information is available from: Job Outlook (www.joboutlook.gov.au) Labour Market Information Portal (www.deewr.gov.au/lmip) DEEWR Skill Shortages (www.deewr.gov.au/SkillShortages) SkillsInfo (www.skillsinfo.gov.au) Australian Apprenticeships (http://www.australianapprenticeships.gov.au/
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