Labour Market Update - May 2023

The Labour Market Updates are quarterly reports that provide information about issues affecting Australia’s current and emerging labour market.

This update brings together a range of Jobs and Skills Australia, and Australian Bureau of Statistics data sources to analyse the state of the Australian labour market in the March quarter of 2023. This update highlights:

  • the recent overall strength of the Australian labour market
  • variations in outcomes across industries, occupations and skill levels – including strong recent employment outcomes for occupations where VET qualifications are the primary pathway
  • a slight easing in recruitment difficulty and an increase in the likelihood of employers filling an advertised role
  • improved recent results across a number of indicators of wages growth
  • an expansion of preliminary analysis of the underlying drivers of skills shortage for the top 20 occupations in demand, to assess whether the shortage is primarily driven by:
    • a lack of people with the essential technical skills or
    • by other factors – such as non-technical qualities considered important by employers or by willingness to apply for the vacancies under current conditions
  • a deep dive into key regional skills needs.

 

 

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