Australia Labour Market Insights: July – September, 2024

Jobs market remains firm despite economic slowdown.

The latest Australian Bureau of Statistics figures show employment increased by 47,500 in August, representing annual jobs growth of 2.7%.

However, the growth was driven by part-time work – which rose by 50,600 people – while full-time employment decreased by 3,100. This is despite the fact the Australian economy grew by just 0.2% in the June quarter.

In the face of slowing economic growth, rising cost of living pressures and a slowdown in many industry sectors, Australia’s job market remains relatively tight; the unemployment rate in August remained steady at 4.2%.

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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