none

AUSTRALIAN MANUFACTURING EMPLOYMENT REBOUNDS

11-06-2019
by 
in 
Food manufacturing accounts for 24% of jobs in the sector

New data from the Australian Bureau of Statistics confirm that manufacturing employment is on the rise again. Although the total number of filled jobs in the sector declined from 900,000 in March 2014 to 880,000 in March 2019, the recent trend has been upwards and accelerating, with the total rising by 16,000 in the past twelve months, of which 10,000 were added in the last quarter.

The March 2019 edition of the ABS’ Labour Account Australia also revealed that more than 6% (or a little over 1 in 20) of all the jobs in Australia were in manufacturing.

These annual figures also give a snapshot of the distribution of filled jobs across the subdivisions within the manufacturing industry, revealing that food and beverage manufacturing accounts for the lion’s share of the industry, at around 24%, followed by fabricated metal products (15%), and machinery and equipment (10%).

The Labour Account also provides insights into labour income, and revealed an increase in total labour income for manufacturing over the past five years of 1.7%, to an annual figure of $17,866 million.

However, it would appear that the average of the manufacturing workforce is increasing. The bureau’s Jobs in Australia study reveals that while the median age remained constant at 40 years between 2011-12 and 2015-16, the industry is showing a reduction in staff aged between 25 and 35. Not surprisingly, the same study showed that the manufacturing workforce remains predominantly male at 72%.

Related news & editorials

  1. 20.10.2020
    20.10.2020
    by      In , In
    St.George Bank chief economist Besa Deda has conducted an analysis of what the federal budget means for manufacturing and the sector’s role in the recovery from the COVID-19 recession.
    It is a budget Ms Deda describes as one for our times. “To do nothing or do little risks leaving future... Read More
  2. 15.09.2020
    15.09.2020
    by      In , In , In
    It may be seen as a bit of an irony to suggest that there has never been a much better time for manufacturing business to bask in the glory of public attention, especially during a time of COVID-19 pandemic.
    But according to Chief Executive Innes Willox from peak employer AiGroup, it is a time for... Read More
  3. 15.07.2020
    15.07.2020
    by      In , In
    St.George Chief Economist Besa Deda offers a renewed outlook for the Australian manufacturing sector as the fallout from the coronavirus pandemic continues.
    When COVID-19 hit the world in early 2020, economies were shattered as lockdowns forced social distancing and mass business closures. The... Read More
  4. 15.07.2020
    15.07.2020
    by      In , In , In
    Digitalisation and the acceleration of globalisation over the last two decades has offered Australian customers convenience and greater choice. Many local brands have taken a hit where international goods have succeeded due to their price competitiveness.
    While the COVID-19 pandemic has caused... Read More