News & Insights | Australia Labour Market Insights: July – September, 2024

Australia Labour Market Insights: July – September, 2024

18 October 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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