2012 was a tough year for many Queenslander’s with the employment market suffering from a lack of Government spending on projects and infrastructure. The large number of redundancies across the Government sector as well as the reduced confidence of the large mining and resources companies all contributed to a significant reduction in the hiring of both contract and permanent staff across most industries in Queensland throughout 2012.
With 2013 now in full swing, what is the outlook for the remainder of the year? We have seen a steady increase in the number of contract and permanent opportunities throughout the first couple of months of year which is certainly a welcome change from the last quarter of 2012. After a strict spending freeze since the election in March last year, the State Government appears to slowly be ramping up its spending on new projects which has created the increased need for contractors with specialist skills to help deliver key initiatives.
The lowering of interest rates by the RBA over the past six months has increased confidence in the Australian economy and has seen many commercial sector organisations increase their recruitment to help meet deadlines and drive growth. We have seen a significant increase in the number of permanent roles in Queensland compared to the past 6 months.
Overall, the increase in Government spending combined with the increase in confidence in the Australian economy certainly bodes well for the year ahead. With the Government’s need to deliver critical services across the state, we should see a substantial increase in the amount spent on projects for the remainder of the year. For anyone looking for a new role, this should have a positive impact as the number of both permanent and contract opportunities rapidly increases to meet the demand of employers.