International Labour Market Update - May 2025

The International Labour Market Update provides labour market data and information for Australia and selected overseas countries and country groups.

This edition of the publication refers to analysis from recent research reports including:

  • Organisation for Economic Co-operation and Development (OECD) finding that global labour market conditions were favourable in the March quarter 2025 following slow employment growth in the second half of 2024.
  • International Monetary Fund (IMF) expectation that population ageing will weigh significantly on labour productivity and labour supply in the medium term.
  • OECD and IMF expectation that global growth will reduce in 2025 due to higher and broader increases in trade barriers.
  • Country specific labour market information for the United States; Canada; the United Kingdom; New Zealand; Japan; the Republic of Korea; and the Euro Area.

For more insights, download the full report. 

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