clarius Skills Index supported by the one umbrella
See the latest First
Business Interview (Sky Business News Channel) with Carson Scott
and Kym Quick. Broadcasted 01.02.10.
Australia has moved from a jobs slump to the
brink of a skills crisis in just six months, according to the
December 2009 quarter Clarius Skills Index, despite most leading
economists predicting spiralling unemployment.
The Clarius Skills Index, which is the only
measure of underlying demand and supply of skilled labour, revealed
that as employers emerge from the bad dream that was the global
financial crisis, they have quickly discovered an old nightmare
hasn’t gone away.
Skills shortages are again rapidly emerging in
key industries, warning employers of an impending war for talent,
potentially compromising labour requirements for key national
projects.
For the December 2009 quarter, the index is
trending upwards, rising from 98.2 in the September quarter to a
balanced 99.0 (its highest level in six months)
where labour supply outstrips demand by just 0.5 per cent or 17,000
skilled workers across the economy.
A score of 100 in the Clarius Skills Index
indicates equal tension between labour supply and demand. Anything
greater than 105 on the skills shortage side of the Index is
regarded as extreme shortage. A score of 95 to 98 is moderate. 95
or less is considered low.
Seventeen out of the 20 skilled occupations
featured in the Clarius Skills Index for the December quarter
recorded an increase in demand for skilled labour, with nine of the
categories now recording a shortage of skilled people. By
comparison, 19 of the 20 occupations had index readings under 100
(oversupply) in the September 2009 quarter. This illustrates the
clear upswing in the December quarter back to balanced labour
market conditions.
Download
the latest December 2009 Quarter Clarius Skills Index to learn
more about the latest labour demand and supply in
Australia.
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