Qualification forecasts

This section provides forecast data on jobs created by economic growth as well as job openings arising because of people leaving an occupation in the Accountancy sector in New Zealand by ideal qualification in demand. The forecasts will be revised at the end of July when we have revised our outlook for the macroeconomy.

New job openings are created when businesses are expanding and are positive about their economic outlook. Conversely job destruction occurs when businesses contract and have a negative perspective of their economic outlook.

Replacement job openings provides an estimate of the net number of job openings in the sector that that arise from individuals leaving an occupation (eg, retirement, or migration), net of jobs taken by individuals entering an occupation (eg, returning to the workforce from parental leave).

Total job openings estimates overall workers required in a sector as a result of job creation and replacement demand. It is the sum of New job openings and replacement job openings in a given year.

The estimate of ideal demand for qualifications outlined in this section is derived from our estimates of the demand for occupations by using assumptions about the types of qualifications which are ideally required for each occupation. Thus, our estimates do not describe the educational profile of the sector's workforce, but rather the type of qualifications that are ideally required in the area.