Graduate Careers Australia
Graduate Grapevine - Number 9, Summer 2007
Employment Outlook
Australia
Figures from the Australian Bureau of Statistics for October 2007 indicate that:
- Employment increased by 12,900 to 10,533,800. Full-time employment increased by 70,600 to 7,587,700 and part-time employment decreased by 57,700 to 2,946,100.
- Unemployment increased by 15,700 to 478,500. The number of persons looking for full-time work increased by 7400 to 316,300 and the number looking for part-time work increased by 8300 to 162,200.
- Unemployment rate increased by 0.1 percentage point to 4.3 per cent: for males the rate increased by 0.2 percentage points to four per cent, and for females the increase was 0.1 percentage point to 4.8 per cent.
- Participation rate remained steady at 65 per cent.
(Source: Labour Force, Australia, October 2007 – www.abs.gov.au/ausstats/abs%40.nsf/mf/6202.0
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USA
- According to a recent NACE Salary Survey nearly 78 per cent of respondents reported that graduates in 2006-07 had more job opportunities in the US than in the previous year.
- 95 per cent of respondents noted employer participation in campus recruiting and 90.6 per cent reported employer involvement in campus information sessions.
- 98.1 per cent of respondents reported employer involvement in Careers Fairs.
- Career Services practitioners reported an overall sense that job opportunities were stronger in 2006-07.
- Most disciplines saw increases in starting salary offers to graduates during 2006-07: Accounting – three per cent; Business Administration/Management – 5.1 per cent; Computer Science – 4.5 per cent; Engineering – Chemical 5.2 per cent, Civil 6.3 per cent, Electrical 3.8 per cent, Mechanical 4.3 per cent; Information Sciences – 5.9 per cent; Liberal Arts – 4.6 per cent; Management Information Systems – 4.7 per cent; Marketing – 5.6 per cent.
(Source:Salary Survey, A study of 2006-2007 beginning offers, Fall 2007 Vol 46 Issue 4)
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