The August edition of the International Labour Market Update has been released, providing insights into workforce trends and skills shortages in Australia and selected global economies. Drawing on recent reports from international organisations, this edition offers a comprehensive overview of the global factors influencing employment outcomes.
According to the International Monetary Fund, the global economy has remained steady, with international trade and investment driving activity. The World Bank expects that by 2027, the Gross Domestic Product per capita of advanced countries will approximately be at the pre-pandemic forecasts.
The Organisation for Economic Co-operation and Development has identified factors such as population ageing, digital and green transitions and poor job quality in some sectors, as contributing to labour market tightness in some economies.
The August edition also features detailed labour market analyses for the United States, Canada, the United Kingdom, New Zealand, Japan, the Republic of Korea, and the European area, offering comparative insights into employment trends and occupational demand for these economies.
For more insights, read the full report.
If you have any questions or comments or want to know more, email: migration@jobsandskills.gov.au.
