Yahoo Finance The Aussie jobs that will bounce back first from the coronavirus pandemic
As the number of new Covid-19 cases continue to drop in Australia and the focus turns to reopening from the shutdown, some jobs are slated to return earlier than others.
According to new analysis by IBISWorld, there are some industries that can expect to reopen within the next two months, including domestic aviation, hospitality, sports and real estate.
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Domestic aviation
Jobs to bounce back first: pilots, flight crew, and airport desk staff (in limited numbers)
Some domestic flights have resumed since the middle of April to support essential frontline workers and allow for the movement of cargo.
Domestic travel looks to be back on the agenda in the near-term future, with Prime Minister Scott Morrison also flagging that a ‘trans-Tasman travel bubble’ could be formed between Australia and New Zealand, though broader international travel is expected to remain restricted.
“As states and territories eliminate the virus, interstate travel and tourism are expected to gradually recover,” said IBISWorld senior industry analyst Jason Aravanis.
“The domestic airlines industry is expected to decline by 15.3 per cent in 2019-20, to $11.6 billion. A recovery in 2020-21 is anticipated to support a 3.1 per cent growth in industry revenue.”
Hospitality
Jobs to bounce back first: chefs, bartenders and waiters/waitresses, as cafes and restaurants prepare to re-hire again. However, nightclub staff aren’t expected to return soon
Morrison has indicated the path to reopening pubs, meaning the hospitality industry is set for a reawakening as early as this month.
Social distancing measures are expected to still remain in place, however, limiting the number of patrons in an establishment at any time. But this reopening will send the signal that public places can be frequented.
“Revenue in the restaurants industry is expected to decline by 25.1 per cent in 2019-20, to $15 billion,” said Aravanis.
Sports
Jobs to bounce back first: athletes, coaching staff
The coronavirus saw the postponement or cancellation of major sporting events, such as the Tokyo Olympics, soccer’s Euro 2020 and Wimbledon.
But we’ll start seeing large-scale sporting events, like the AFL and NRL, resume by July this year, although they’ll be playing to empty stadiums.
Nonetheless it will be a boost to the struggling sports industry as well as the horse and sports-betting sector, even as major gatherings look set to be restricted for some time to prevent a second wave of virus cases.
“Revenue for the sports sector is expected to fall in the current year due to sporting events being cancelled or postponed across the world. The Covid-19 outbreak is expected to have a significant negative effect on sports administrators, sporting clubs and sports betting,” said Aravanis.
Real estate services
Although tenants and landlords alike have been left out-of-pocket by loss of income, the property market has been cushioned by the government’s stimulus packages as well as by the banking industry’s $100 billion assistance.
Buying, selling and auction activity dropped amid social distancing measures. But the property market is set for a comeback with NSW preparing to re-open homes for inspection and make auctions public again.
“The real estate services industry is expected to decline by 1.7 per cent in 2019-20, to $26.3 billion,” Aravanis said.
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