A good economy is a good indicator of the overall health of society. In this sense, we look at the jobs creation on state by state basis. We think jobs creation is an important leading indicator of the overall health of the economy.
Job vacancies by sector.
|State||All sectors||Private sector||Public sector||Private sector%||Public sector%|
It is interesting to see that there is a clear divide between different Australian states and territories. We are talking about the proportion of public and private job creation in the economy.
Interestingly the states that tend to be the healthiest economically tend to create significant proportion of jobs in private sector. Private sector is innovative, agile and nimble. Those who nurture private sector tend to benefit in long term.
ACT is, of cause, an exception. It is a territory where the economy centres around taxpayer money being spent on our “Public Administration & Safety”. Therefore use these numbers with a grain of salt.
The public and private jobs
WA, NSW, VIC and QLD all have less than 9% of jobs created in Public Sector. On the other hand ACT and TAS have almost a quarter of jobs in public sector.