If there is an economy in the world that has experienced times of economic boom over the past decade, it is the Australian economy that continues to strengthen it. The economy was one of the first to emerge from the global recession and continued to attract skilled workers abroad to fill new jobs that became available regularly.
The Australian economy has moved from an economy previously dependent on manufacturing to an economy now reliant on the services sector. Like many developing economies around the world, the services sector is the engine of the Australian economy, but the job market is not limited to services. Australia has, for many years, been one of the major mining centres around the world with substantial natural resources still serving a large portion of the Australian labour market.
Working conditions in Australia
Although it is hazardous to assume similar conditions for travelling abroad, there are significant similarities between working terms in Australia and working conditions in the UK. The average workweek is about 37 hours, Monday through Friday, and overtime is for work outside office hours, holidays, and sick leave. The improvement in working conditions in Australia is well documented and constitutes natural progress for a developing country and economy.
To give you an idea of the breakdown between the service industry and other industries in Australia, with more than 11 million people working, 75% working in the service industry and 21.1% depending on the industry. Australia’s unemployment rate fell from 4.2% in 2008 to 5.7% in 2009, although it is expected to return to lower levels as the economy recovers after the global recession.
Much of the Australian workforce consists of skilled foreign workers who have migrated to the country over the years. It is unlikely that we will see the same number of skilled foreign workers moving to Australia in the short or medium-term because the economy has now passed the stage of development and can now be described as being developed.
Where do you work in Australia
Many different areas provide jobs in Australia, although the majority of ex-pats are likely to go to one of the major cities such as Sydney, Melbourne, Brisbane, Perth, Canberra and Adelaide. These are the areas where the cost of living is high in Australia, but these are the areas where employment is concentrated.
Although there are many job opportunities in Australia, the government has started to restrict the number of skilled workers leaving abroad. As the Australian workforce grows and adopts its skills, we will likely see an additional drop in the number of skilled workers coming from abroad. However, there is no doubt that immigration played a significant role in development not only in Australia as a whole but also in the Australian economy.