News & Insights | Programmed Quarterly Labour Market Insights – Australia Q4

Programmed Quarterly Labour Market Insights – Australia Q4

22 December 2022

A record-breaking year for jobs growth

Australia is nearing the end of one of the most remarkable years ever for employment and jobs activity.

The demand for work in the wake of the easing of COVID restrictions has outstripped forecasts and set decade-long records.

While the pace of recruitment activity has eased off following recent interest rate hikes, it remains strong. There are severe shortages of labour in many sectors.

Wages have begun to move, and the passing of the federal government’s Industrial Relations legislation ensures that many sectors that have not enjoyed wage growth will have the means to bargain in 2023.

Annual inflation sits at 7.3% and the Reserve Bank has made it clear that further official interest rate increases will be needed to dampen activity.

Consumer confidence is weak – not surprising given rising costs of living and higher mortgage rates.

We can expect the jobs market to remain firm, although a general weakening across some sectors.

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.

Download the report

"*" indicates required fields

I am downloading for*

Keep reading

All news & insights
The perfect pairing in Aeronautics and Defence – Xavier and UXMachines

In the dynamic world of technology and innovation, the Defence Industry Internship and Graduate Scholarship (DIIGS) program plays a crucial... More

Programmed Quarterly Labour Market Insights – Australia, Q4 2023

Employment continues to grow at a healthy rate, despite a series of interest rate increases and weakening consumer and business... More

Programmed’s 2023-24 Salary Guide: Your Job Search Blueprint

Programmed’s 2023-24 Economic and Employment Key Insights and Salary Guide is your job-seeking compass, guiding you through the intricate... More