Graduate Careers Australia
The Graduate Grapevine – Number 4, June 2006
Employment Outlook
Australia
- Employment decreased by 3200 to 10,078,900 – full-time increased by 22,700 to 7,195,300, part-time decreased by 25,900 to 2,883,600.
- Unemployment increased by 9700 to 542,100. Numbers looking for full-time work decreased by 10,100 to 366,200, part-time increased by 19,900 to 175,900.
- Unemployment rate increased by 0.1 percentage point to 5.1 per cent – males decreased by 0.1 percentage point to 4.9 per cent and females by 0.3 percentage points to 5.4 per cent.
- Participation rate decreased slightly to 64.3 per cent.
Source: Labour Force, Australia, Apr 2006 – www.abs.gov.au/ausstats/abs%40.nsf/mf/6202.0
UK
- AGR’s Graduate Recruitment Survey 2006 shows that graduate vacancies are predicted to rise by 14.6 per cent in 2006 – by sector: Manufacturing Engineering; Sales; R&D; Investment Banking; IT.
- Graduate salaries grew by 7.1 per cent in 2005, median salaries are expected to rise 2.3 per cent in 2006.
Source: Graduate Recruiter, Issue 28 February 2006.
USA
- According to NACE’s Job Outlook 2006 Spring Update survey, employers expect college hiring for 2005-06 to surpass 2004-05 by 13.8 per cent.
- More than 60 per cent of the employers said they will hire more new college graduates in 2005-06.
- 22.5 per cent reported plans to maintain hiring at last year’s levels.
- Service sector employers expect to hire 16.4 per cent more graduates in 2005-06, manufacturers 11.1 per cent & government/non-profit employers nine per cent.
Source: Job Outlook 2006 Spring Update survey – www.naceweb.org/press/display.asp?year=&prid=234
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