The employment projections presented in this paper give insight into the change the Australian labour market faces over the medium term. These trends help employers, job seekers and policy makers understand where the job opportunities are likely to be in the future to make informed planning decisions. The Employment Outlook to May 2024 is based on employment projections produced by the Department of Employment, Skills, Small and Family Business for the period May 2019 to May 2024. The report outlines the employment outlook across industries, occupations, skill levels, states and territories, a
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The employment projections presented in this paper give insight into the change the Australian labour market faces over the medium term. These trends help employers, job seekers and policy makers understand where the job opportunities are likely to be in the future to make informed planning decisions. The Employment Outlook to May 2024 is based on employment projections produced by the Department of Employment, Skills, Small and Family Business for the period May 2019 to May 2024. The report outlines the employment outlook across industries, occupations, skill levels, states and territories, and regions. Over the five years to November 2019, employment increased by 1,409,700 (or 12.2 per cent), or 2.3 per cent per annum, above the rate of growth recorded over the last decade (of 1.8 per cent). In trend terms, employment growth has risen reasonably strongly over the last year, up by 2.1 per cent (or 268,900), to stand at a record high of 12,962,000 in November 2019, but remains well below the recent growth rate peak, of 3.4 per cent recorded over the year to January 2018. Looking ahead, total employment is projected to increase by 1,075,000 (8.3 per cent or 1.6 per cent per annum) over the five years to May 2024. The 2019 employment projections do not take account of any impact caused by the [Coronavirus Disease 2019] COVID-19 pandemic and are therefore no longer reflective of current labour market conditions. As such, they should be used, and interpreted, with extreme caution.
Excerpts from publication.
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