More Australian employers are planning to retrench staff in the next three months.
A survey of 2,887 Australian employers found 12.1 per cent are planning to swing the axe in the three months to the end of June, compared to 11.2 per cent in the previous quarterly forecast.
The survey, carried out by global recruitment firm Hudson, showed the industry most likely to shed jobs is resources, with 20.9 per cent of respondents planning to reduce staff numbers, an increase of 9.5 percentage points from three months earlier.
The numbers illustrate the Australian economy’s shift away from being dominated by mining, executive general manager of Hudson Australia Dean Davidson said.
But sentiment is still cautious in the labour market, he said.
“The move to a more balanced economy isn’t painless, and we’ve seen some organisations hurt while they go through the business transformation process to equip themselves for success in today’s tougher operational environment,” Mr Davidson said.
The survey also showed 23.3 per cent of employers intend to hire new staff, while the majority have no plans to change employee numbers.
NSW has the nation’s strongest employment outlook, with 27.9 per cent saying they’ll employ new staff.
The next best states were South Australia (24.7 per cent), Queensland (22.5 per cent) and Victoria (21.7 per cent).
Mr Davidson said an improved hiring outlook in NSW was a good sign for the rest of the country, because the state is not reliant on mining.
The information technology, financial and professional services sectors were driving NSW’s hiring expectations, he said.