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In a context of international economic uncertainty and uneven domestic economic performance, labour market outcomes showed considerable diversity. Wide-ranging outcomes in employment numbers, patterns of full-time and part-time work, labour utilization, and changes in earnings were evident both across and within industries. Men's full-time employment appears to be one labour market area that is experiencing particular decline as casualization of the workforce continues and men's traditional industries of employment experience subdued economic growth. Women's employment appears to be faring relatively well in terms of growth, but large and persistent gender pay gaps remain evident in particular feminized industries, including financial and insurance services and health and social assistance. Predictions made earlier this decade that population ageing might ensure relative stability in employment among younger workers have not yet been fulfilled. Younger workers continue to experience relatively high levels of unemployment and underutilization, with the immediate employment experiences of younger men being relatively unfavourable compared with younger women in the workforce.

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The Australian economy in 2008 was one of contrasts: the resource based states continued to grow at relatively higher rates than the remainder; wage and employment outcomes varied widely for different groups in the labour force; and domestic climate change policies achieved prominence just as a global economic downturn led to rapidly changing macroeconomic conditions. Within this rapidly changing context, ongoing concerns with labour utilization, wage equity and issues of compliance appear likely to grow in significance.

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In this article we present data on earnings and hours in 2010 and, using data over a longer time frame, show how the character of the Australian labour market has significantly changed in recent decades. Among other things, we demonstrate a continued shift towards part-time work and, across full-time and part-time labour markets, a change in the distribution of jobs towards more highly skilled occupations. We continue to argue that traditional indicators of labour-market activity, such as headline unemployment and earnings in full-time employment, are only able to partially explain the health of the labour market. There is an urgent need to better understand other dimensions such as underemployment, part-time employment and part-time earnings.

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The global financial crisis (GFC) of 2008 made it clear that traditional indicators of labour market activity such as headline unemployment, labour force participation and earnings in full-time employment can only partially explain the health of the labour market. In this article we argue the need for a nuanced approach that takes into fuller consideration issues related to hours of work and part-time earnings. Selected industry sectors show stark differences in labour market outcomes when these issues are examined.

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