Economic Insights - June 14 2012

Monday 18 Jun 2012

Biggest job gains in 18 months

Latest Economic Data
> Healthy job market. Over the three months to May, employment across Australia rose by 60,400 – the best
quarterly jobs growth since the three months to November 2010.
>  Broad-based gains. 12 of 19 industry sectors recorded job gains in the three months to May. Strongest job
gains were in Professional, Scientific and Technical Services, up 41,800, followed by Education & training,
up 30,300 and Mining, up 25,500
> Healthcare the stalwart, mining the bolter. Since the start of 2008 the Health Care sector has added
257,900 jobs, outpacing the 136,300 lift in Mining jobs. However Mining recorded the fastest pace of jobs
growth across all 19 industry sectors, up by a staggering 27 per cent in the year to May 2012.

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