Tasmania is the smallest employing state. It is also the most regionally diverse, with 55% of jobs located outside of Hobart. Employment growth over the past five years was slightly below the national average. The largest numbers of jobs were added in
- Health Care and Social Assistance (up by 7,400)
- Professional, Scientific and Technical Services (4,200)
- Construction (3,400).
These gains were partly offset by falls in a number of industries (the largest being in Retail Trade, down by 2,600).
Tasmania has the oldest workforce of any state or territory, with 46% aged 45 years or older. Part-time work is also relatively common (37% of state employment, the largest share in Australia).
Workers in this state are less likely to have a bachelor degree or higher than the national average, although they are more likely to have completed a certificate III or higher vocational qualification.
Current conditions (to January 2019)
Labour market conditions have weakened in Tasmania over the year, with employment decreasing by 2,500 (or 1.0%). Full-time employment has fallen by 1,800 (or 1.2%) over the period, while part-time employment has declined by 700 (or 0.7%).
The state’s unemployment rate has increased by 1.8 percentage points over the year to 7.0% in January 2019, the highest rate of any state or territory. The participation rate in Tasmania has fallen by 0.2 percentage points over the year to 60.7% in January 2019, the lowest rate of any state or territory.
Conditions for youth in Tasmania have deteriorated over the year, with youth employment decreasing by 1,700 (or 4.4%), while the state’s youth unemployment rate has increased by 1.9 percentage points over the period to 15.7% in January 2019 (the highest rate of any state or territory).
The short-term outlook for the Tasmanian economy is reasonably positive. The Tasmanian Treasury has projected employment growth of 1% in 2019-20, while the unemployment rate is expected to average 5¾% over the period. Over the five years to May 2023, employment in Tasmania is projected to increase by 4.5% (below the projected national growth of 7.1%).
Sources: ABS, Labour Force (trend and annual averages of original data); ABS, Education and Work; Department of Jobs and Small Business, Employment Projections; Department of Treasury and Finance, Tasmania
For more information see lmip.gov.au