Real estate leads way in employment outlook

The buoyant property market has made real estate one of the few industries expecting to hire more workers this quarter.

The real estate, finance and insurance sector is the only one of seven surveyed sectors that expects to have a larger workforce in the third quarter of 2015 than at the same time in 2014.

According to the Manpower survey of more than 1,500 Australian employers, real estate, finance and insurance has a net employment outlook of +19 for the July-September period – six points higher for the quarter than the previous year.

The next best performers were the services sector, which declined from +13 to +12, and the transportation and utilities sector, which fell from +9 to +5.

Public administration fell from +5 to +3, wholesale trade and retail trade fell from +11 to +2, manufacturing fell from +7 to +1, and mining and construction fell from +8 to -2.

This is now the eighth consecutive quarter in which real estate, finance and insurance has recorded the strongest hiring intentions.

Manpower said the property market continues to drive significant employment growth partly because state infrastructure plans have been attracting investment to the sector.

[Related: Price growth ranges from 4.6pc fall to 16.4pc rise]

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