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2020 local outlook: Perth jobs
It’s no surprise that Perth boasts a strong labour workforce, supported by Western Australia’s natural abundance of minerals and energy resources. This industry has established Perth as a global energy city with huge investment from overseas markets.
From a national perspective, Perth is set to become Australia's third largest city by 2050, alongside Melbourne and Sydney.
But what’s on the cards for 2020? Below, we uncover which Perth industries are likely to be strongly recruiting in 2020.
Western Australia has a population of 2.6 million people and a workforce of 1.4 million people. The vast majority (around 79%) of the state’s population and workers reside in greater Perth. Greater Perth’s population, currently at 2 million, is forecast to grow to 2.9 million people by 2031 and 3.5 million people by 2050, becoming the third largest city in Australia after Sydney and Melbourne.
WA has the fourth largest workforce in the country, and the highest rate of workforce participation of all the states (excluding ACT and NT). The top three employing industries in WA are currently health-care and social assistance, construction, and retail trade.
Australia’s biggest state also accounts for 43% of Australia’s mining jobs. Mining employment in WA fell over much of the past 5 years but has recovered strongly in the past year. According to the government’s Employment Outlook report, mining employment is expected to increase by 4000 jobs, assisted by a favourable dollar and improved commodity prices.
Over the past 5 years, WA has had the second weakest employment growth of any state or territory. This subdued growth was influenced by falls in the construction industry (down by 16,300, or 11.6%) and financial and insurance services (down by 11,100, or 31.0%). Offsetting these falls was significant growth in:
- Health care and social assistance (up by 36,400)
- Public administration and safety (17,700)
- Agriculture, forestry and fishing (17,200)
Check out the Michael Page Salary Guide 2020 for more information on your industry.
Employment outlook 2020
The short-term outlook for the Western Australian economy is “reasonably positive”, according to the Australian Jobs 2019 report.
WA Treasury has forecasted the employment rate to grow to 2.0% in 2019-20. This will then increase to 5.0% over the next 5 years (below the projected national growth of 7.1%).
According to the Western Australian state budget, the following will support employment growth:
- Substantial lift in business investment expected for the first time in 7 years in 2019-20
- Increased government investment in Metronet and road projects
- Demand for new housing caused by a tightening housing supply and population growth
Perth jobs available right now
Recruiters at Michael Page are currently sourcing talent for hundreds of jobs available in Perth. Our main industries include: energy and natural resources, technology and telecoms, business services, industrial / manufacturing, public sector, and fast moving consumer goods (FMCG).
According to the Michael Page Salary Guide 2020, engineers with 3 to 5 years of experience are in high demand in the Perth market.
RELATED: Jobs outlook: Engineering jobs
Michael Page’s Perth team match professionals with Perth job vacancies and some of the best employers in Australia. Our strong connections in the local market mean we have expert knowledge of opportunities available for both employers and job seekers.
To find your next job in WA, get in touch with our Perth team today.