If there is an economy in the world that has experienced boom times 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 from abroad to fill new jobs that were regularly available.
Jobs in Australia
The Australian economy has moved from an economy that previously relied on manufacturing to one that now relies on the service sector. Like many developing economies around the world, the service sector is the engine of the Australian economy, but the labor market is not limited to services. Australia has been, for many years, one of the world’s leading mining centers with significant natural resources that still serve a large part of the Australian job market.
Working conditions in Australia
Although it is dangerous to assume similar conditions to travel abroad, there are significant similarities between working conditions in Australia and working conditions in the UK. The average workweek is approximately 37 hours, Monday through Friday, and overtime is for non-office hours, holidays, and sick leave. The improvement of working conditions in Australia is well documented and is a natural progression for a developing country and economy.
To give you an idea of the breakdown between the service industry and other industries in Australia, with over 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 from the global recession.
Much of the Australian workforce is made up of skilled foreign workers who have migrated to the country over the years. We are unlikely to see the same number of skilled foreign workers moving to Australia in the short to medium term because the economy has passed the development stage and can now be described as developing.
Where do you work in Australia?
Many different areas provide work in Australia, although most 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 going abroad. As the Australian workforce grows and embraces its skills, we are likely to see a further drop in the number of skilled workers coming from abroad. However, there is no doubt that immigration played an important role in development not only in Australia as a whole but also in the Australian economy.