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Posted: 2017-03-14 14:45:31

The services sector is now the biggest opportunity for jobs in Australia.

The rest of Australian employers, including those in the finance industry, are still a bit cautious about hiring.

According to the latest ManpowerGroup Employment Outlook Survey, the majority (78%) of employers have no plans to hire in the second quarter of 2017. Only 15% of interviewed employers intend to increase their headcount.

The national Net Employment Outlook is +9%, unchanged since last quarter. However, this represents an annual net employment outlook growth of five percentage points.

The Net Employment Outlook is calculated by subtracting the percentage of employers anticipating a decrease in hiring activity from those anticipating an increase in employment.

The services sector is the strongest of all surveyed with a net employment outlook of +15%. The services quarterly outlook has jumped seven percentage points over the last 12 months.

However, the Finance, Insurance and Real Estate sector outlook dipped to its weakest level since 2009.

Mining and Construction reported its strongest hiring plans since the fourth quarter of 2012.

New South Wales and the Australian Capital Territory report the strongest regional outlooks at +14%.

The survey results by sector:

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