Top 5 Industries
|Employ’t Nov 2017||Share of total||5 year change to Nov 2017|
|Health Care and Social Assistance||518.5||13||98.0||23.3|
|Professional, Scientific and Technical Services||371.8||9||64.3||20.9|
|Education and Training||325.0||8||56.9||21.2|
New South Wales is the largest employing state (with around two thirds of state employment in Sydney). Employment growth over the past five years was above the national average, with Health Care and Social Assistance adding the most new jobs, followed by Construction and Professional, Scientific and Technical Services.
Around 69% of this workforce have post-school qualifications and they are more likely to hold a bachelor degree or higher than workers nationally. Sydney has the most the most highly educated workforce in the state, with 71% holding post-school qualifications and 38% with a bachelor degree or higher.
The age profile is in line with the national average although, in some regions such as Illawarra, young workers (15 to 24 years) account for relatively large shares of employment.
Current conditions (to January 2018)
Labour market conditions strengthened in New South Wales over the year, with employment up by 134,100. The increase was driven by a strong rise in full-time employment, up by 108,700, while part-time employment increased by 25,400. The state’s unemployment rate was steady over the year at 5.1% (below the national rate of 5.5%), while the participation rate rose by 1.2 percentage points to 64.3% (but remains below the national rate of 65.6%).
Conditions for youth in New South Wales improved over the year, with employment rising by 12,600 (or 2.2%), while the youth unemployment rate declined by 0.9 percentage points to 10.8%.
The short-term outlook for the New South Wales economy is reasonably positive. The New South Wales Treasury has forecast employment growth of 1¾% in 2018-19, while the unemployment rate is expected to average 4¾% over the period. Over the five years to May 2022, New South Wales employment is projected to increase by 8.4% (above the projected national growth of 7.8%).
Did you know?
15% of NSW workers are self-employed
Employment by region, New South Wales
|Employment||Employment Profile||Workforce Educational Profile||Projected Employment|
|Employ’t Nov 2017||5 year change
to Nov 2017
|Part-time||Female||Aged 15 to 24 years||Aged 55 years or older||Bachelor degree or higher||Cert III or higher VET qual||No post-school qual||5 year change to May 2022|
|Coffs Harbour - Grafton||56.4||-3.3||-5.6||35||47||14||26||20||38||34||5.4|
|Far West and Orana||58.1||2.3||4.1||26||46||13||26||18||36||39||7.9|
|Hunter Valley (exc Newcastle)||128.6||4.9||4.0||36||47||15||20||15||41||37||5.0|
|Mid North Coast||94.6||26.1||38.2||43||50||13||28||17||40||35||11.0|
|New England and North West||79.0||-0.7||-0.9||29||46||14||26||19||35||38||4.6|
|Newcastle and Lake Macquarie||182.8||16.7||10.1||34||48||16||19||27||36||32||7.7|
|Richmond - Tweed||107.9||1.5||1.5||43||51||13||27||23||36||34||6.0|
|Southern Highlands and Shoalhaven||50.3||-7.2||-12.5||37||47||14||27||21||39||32||8.2|
|New South Wales1||3,920.6||348.5||9.8||30||47||14||19||33||30||31||8.4|
1. Some data are trend and, for these, totals do not add
Sources: ABS, Labour Force (trend and annual averages of original data); ABS, Census of Population and Housing; Department of Jobs and Small Business, Regional Employment Projections; New South Wales Treasury
For more information see lmip.gov.au