News & Insights | Australia Labour Market Insights: January – March, 2024

Australia Labour Market Insights: January – March, 2024

7 May 2024

Jobs market defies doomsayers and stays strong.

Australia’s labour market has continued to surprise, with strong growth in employment and hours worked – thus erasing concerns that the jobs market might be about to seriously stall.

The latest labour market figures from the Australian Bureau of Statistics show that the number of people employed fell by 6,600 in March, but this followed an extraordinary increase of 116,500 in February.

Some had thought the February surge in employment may be an anomaly. The fact that there has been only a relatively small pullback in the number of employed people in March underlines the strength of the jobs market in the face of rising interest rates.

This report uncovers what’s happening across Australia, looking at how the workforce has been impacted, the challenges employers face in the current landscape and trends in national recruitment activity.

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