Resilient Yet Rebalancing: The Evolving Job Landscape resilient.
Australia’s labour market remains resilient despite shifting economic conditions, with strong job growth in recent years. However, signs of weakening are emerging.
In May, employment dipped slightly, and the unemployment rate held steady at 4.1%. Job vacancies have been trending downward for over a year, and private-sector hiring has slowed, with most new roles now in the public sector.
Apprenticeship numbers have also dropped, likely influenced by ongoing cost-of-living pressures.
This report uncovers what’s happening across Australia, examining how the workforce has been impacted, the challenges employers face in the current landscape, and trends in national recruitment activity.
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