Graduate Careers Australia
Graduate Grapevine - Number 7, Autumn 2007
Employment Outlook
Australia
Figures from the Australian Bureau of Statistics for March 2007 indicate that:
- Employment increased by 10,500 to 10,370,100. Full-time by 31,700 to 7,442,800 and part-time by 21,200 to 2,927,300.
- Unemployment decreased by 12,800 to 488,700. The number looking for full-time work decreased by 2800 to 341,600 and part-time work decreased by 10,000 to 147,100.
- The unemployment rate decreased by 0.1 percentage point to 4.5 per cent. The male rate decreased 0.1 percentage point but the rounded estimate remained at 4.2 per cent, and the female rate decreased by 0.2 percentage points to 4.9 per cent.
- The participation rate decreased by 0.1 percentage point to 64.8 per cent.
(Source: Labour Force, Australia, Mar 2007 – www.abs.gov.au/ausstats/abs%40.nsf/mf/6202.0
)
USA
- According to the recent NACE Salary Survey, employers project more jobs and higher salaries for 2007 graduates.
- Respondents to the NACE Job Outlook 2007 indicated a 17.4 per cent increase in recruitment, and 80 per cent were planning to increase salary offers to new bachelor graduates (an average increase of 4.6 per cent).
- Most disciplines saw moderate increases: Accounting – 1.7 per cent; Business Administration/Management – 9.2 per cent; Computer Science – 2 per cent; Engineering – Chemical 7.4 per cent, Electrical 3.2 per cent, Mechanical 7.7 per cent; Liberal Arts – 6.1 per cent.
- The exception to the above was Marketing, which had a remarkable rise of 14 per cent in salary offers.
(Source:Salary Survey, A study of 2006-2007 beginning offers, Winter 2007 Vol 46 Issue 1)
|
