Future looking bright for manufacturing with employment on-the-rise

Manufacturing employment rose in February 2012, proving that Australia’s manufacturing industry is continuing to fight against the pressures of the two-speed economy and the high Australian dollar.

According to data from the Australian Bureau of Statistics, the number of people employed in manufacturing rose 5,300 from November 2011 to February 2012, reaching a total of 960,900 – which is the highest number of workers since before August 2011.

In seasonally-adjusted terms, manufacturing employment rose even more, up 17,700 to 971,200, showing that the industry is doing an even better job of railing against external market conditions.

Unsurprisingly, employment in the mining sector rose during the period, up 9,900 to 249,700. In seasonally-adjusted terms, mining employment rose less rapidly, up 7,300 to 249,700.

The number of people employed in the mining industry is still less than a third of the number employed in manufacturing.

The Agriculture, Forestry and Fishery; Electricity, Gas, Water and Waste Services; Information Media and Telecommunications; Professional, Scientific and Technical Services; and Rental Hiring and Real Estate Services sectors all rose during the three-month period.

Not so lucky were the Retail and Hospitality industries, along with the Transport, Postal and Warehousing sector, all falling during the period.

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