Graduate Careers Australia
Graduate Grapevine - Number 8, Winter-Spring 2007
Employment Outlook
Australia
Figures from the Australian Bureau of Statistics for July 2007 indicate that:
- Employment increased 21,800 to 10,483,700. Full-time employment increased by 21,700 to 7,514,700 and part-time remained at 2,969,000.
- Unemployment decreased by 3900 to 467,900. The number of persons looking for full-time work decreased by 6600 to 324,100 and part-time increased by 2700 to 143,800.
- Unemployment rate remained at 4.3 per cent: male decreased by 0.1 percentage point but the rounded estimate remained at 3.9 per cent, females remained at 4.8 per cent.
- Participation rate remained at 65.0 per cent.
(Source: Labour Force, Australia, July 2007– www.abs.gov.au/ausstats/abs%40.nsf/mf/6202.0
)
USA
- Over 90 per cent of respondents to NACE’s Spring 2007 Recruiting Activity Survey gave high ratings for the graduate job market.
- Almost 75 per cent reported more employers recruiting on-campus.
- 61.6 per cent noted an increase in numbers of interviews and 53.7 reported an increase in résumé requests.
- 82 per cent said that there has been an increase in online job postings and numbers of employers at Careers Fairs over the previous year.
- Salary offers in 2007 have shown increases in 26 out of 29 majors.
- Increases in starting salaries include: Marketing – 10.3 per cent; Business Administration/Management – 7.5 per cent; Management Information Systems/Business Data Processing – 4.9 per cent; Engineering – Chemical 5.6 per cent, Civil 4.8 per cent, Electrical 1.6 per cent, Mechanical 5.7 per cent; Liberal Arts – 1.2 per cent.
(Source: Salary Survey, A study of 2006-2007 beginning offers, Winter 2007 Vol 46 Issues 2 & 3)
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