Employment Trends

The employment outlook across the region continues to be strong. Full time employment is forecast to increase 4.79% across the region, up from the 4.02% increase forecast for the previous year. The actual increase in full time employment last year, at 3.53% was slightly below the forecast.

Both Large Businesses and SME Businesses have strong employment intentions, with the focus on full time employment. The outlook has strengthened for each of these business groups as compared to the previous year.

Forecast Increase in Workforce

Employment Trends – Forecast 2018

GWS

SME

Large

Full time

4.79%

2017 4.02%

5.21%

2017 4.64%

4.64%

2017 3.5%

Part time

1.84%

2017 2.06%

1.52%

2017 1.79%

1.07%

2017 1.30%

Casuals

3.16%

2017 1.58%

2.68%

2017 0.38%

2.50%

2017 1.30%

Contractors

2.84%

2017 1.13%

1.21%

2017 0.71%

1.43%

2017 0.20%

Actual Increase in Workforce

Employment Trends – Actual Increase 2017

GWS

SME

Large

Full time

Actual 3.53%

2017 3.49%

Actual 3.36%

2017 3.21%

Actual 3.93%

2017 2.63%

Part time

Actual 0.53%

2017 1.44%

Actual -0.11%

2017 2.32%

Actual 1.07%

2017 0.00%

Casuals

Actual 1.00%

2017 1.34%

Actual 0.22%

2017 0.18%

Actual 1.43%

2017 1.05%

Contractors

Actual 0.89%

2017 1.24%

Actual 0.34%

2017 0.71%

Actual 1.43%

2017 3.42%

2018 Report Highlights

Business Sentiment

Reaching its highest point over the survey’s history, businesses across Western Sydney are buoyant.

Economic Performance

Businesses expect a strong economic environment and forecast exceeding their budgeted revenue, profit and capital expenditure targets.

Transport

The bold vision to make Western Sydney a 30-minute city will be a game-changer for liveability. Businesses are gearing up to leverage the opportunities from improved connectivity.