Finance jobs lag upturn

real estate insurance

8 December 2009
| By Mike Taylor |
image
image
expand image

The Australian employment market appears to have turned a corner, but there is still caution being exhibited in the finance, insurance and real estate sectors, according to the latest data released by Manpower Employment.

The Manpower survey of more than 2,000 employers is aimed at determining hiring intentions over the next three months, and shows a dramatic improvement, with the net employment outlook standing at plus 19 per cent, up from plus 8 per cent in the previous quarter.

In Australia, the survey suggested the strongest growth in jobs would be in the services sector, with the weakest hiring intentions being in the financial services, insurance and real estate sectors.

Manpower said in almost every sector, the outlook had improved quarter-over-quarter and year-over-year, with the exception being financial services, insurance and real estate, which was still 3 percentage points weaker than the forecast posted at the same time last year.

Commenting on the survey outcome, Manpower Australia and New Zealand managing director Lincoln Crawley said employers needed to be aware of the situation that would emerge as the economy improved.

“While the downturn masked the pain of the talent shortage, it never actually went away and it's definitely going to return,” he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 3 weeks ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 3 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 3 weeks ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 week 2 days ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

4 weeks 1 day ago

The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day....

1 week ago