1.Skills Priority List
•Shortages have been identified in 153 occupations (19% of assessed occupations) nationally.
•As per Labour Market Information Portal job vacancies available in the month of July 2021 are 232,600 while unemployed people are 679,000.
•This represents clear case of skill deficiencies within the people.
=>Hence the upcoming youth should be guided to the occupations and skillset that are in shortage so that demand of the both industry and citizens are satisfied.
• With help of the employment data and demographic information we were able to find that Youth is engaged in approximately 15.3 % of overall employment.
• 10.2% youth is unemployed while national average is 4.9%.
=>Hence we deduce that youth form a vital part of overall employment in Australia but their unemployment %is higher than national average which requires special attention.
3.Employment Projection (Nov-2020 to Nov-2025)
=>Employment is projected to increase in 17 of the 19 broad industries over the five years from November 2020 to November 2025.
=>Broad Industries where employment will grow by more than 10% are: -
•Health Care and Social Assistance: +249,500 (14.2 %)
•Accommodation and Food Services: +105,400 (11.2 %)
•Professional, Scientific and Technical Services: +131,100 (11.0 %)
•Education and Training: +118,600 (10.8 %)
=>Broad Industries where employment will degrow are : -
•Information Media and Telecommunications: -7,500 (-3.9 %)
•Manufacturing: -5,900 (-0.7 %)
=>From this we can deduce that incoming youth should be guided to get experience in high employment growth industry.
4.Employment Projection (Nov-2020 to Nov-2025)
=>Occupations where employment will grow by more than 15% are :-
•ICT Professionals: +92,630 (26.6 %)
•Hospitality Workers: +56,680 (22.9 %)
•Legal, Social and Welfare Professionals: +49,800 (17.5 %)
•Carers and Aides: 87910 (15.9%)
•Health Professional: 101080 (15.2%)
=>Occupations where employment will degrow are:-
•Personal Assistant & Secretaries: -13,980 (-16.6 %)
•Chief Executives, GMs and Legislators: -4,890 (-5.9 %)
•Clerical & Office Support Workers: -3,680 (-4.7 %)
=>From this we can deduce that incoming youth should be guided to get trained for the occupations that shows growth in employment in future.
5.Employment Projection (Nov-2020 to Nov-2025)
•Employment for People with bachelor’s and Advanced Degree (Skill Level 1) will grow by 11.8 %
•Employment for People with Certificate II & III (Skill Level 4) will grow by 7.7
=>From this we can deduce that youth should pursue the education, training and certification in above mentioned skills.
6.HELP (Higher Education Loan Program) Data :-
•Students that pursue education in Medicine, Dentistry, Pharmacy and Law are more likely to repay their entire education loan
•Students that pursue education in Nursing, Tourism and Business Management pay their entire loan in less time than others students.
=> Students should be guided to field of education such that they can easily repay their loan based on their current financial situation.