Australian Job Market, 2024-25

• The number of job vacancies in Australia reached 388,800 in 2024.
• Cairns, Gold Coast, Canberra, and Melbourne are the top four cities with more job opportunities.
• The Australian GDP growth increased by 2.1% in 2023
• The Australian unemployment rate increased by 3.9% in November 2023
• The Australian government has decided to increase the minimum salary for temporary skilled migrant workers to $70,000.

 

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Job Outlook in Australia

 

Understanding the job outlook for job seekers and employers

With so many career possibilities, the Australian job market could be challenging to understand. But no need to worry; we are here to help by giving you detailed information about the Australian labour market, from the country's unemployment rate to the fastest-growing sectors.

 

General employment trends for the year

It is important to remember that the labour market can change quickly. It isn’t easy to predict future labour market conditions, and it isn’t recommended to base employment and training options completely on predicted shortages. It is far better to get trained in an area where you have an interest and talent than to choose a career based on expectations about future conditions.

 

Sometimes, even for the occupations in high demand, job seekers can still face crucial competition for positions. Employers face difficulty recruiting for occupations that have little growth or are in decline.

 

Factors influencing job creation or reduction

The speed of technological change will be uncontrollable in the world of work in the next 10 years. This generation can deliver great rewards to the Australian economy through productivity growth. Also, the increase in powerful Artificial Intelligence (AI)-led technologies in industries has led to fears about its impact on jobs. Important parts of the labour force risk being left behind if they are not well prepared with the instructions and skills demanded by the developing economy.

 

In-Demand Industries and Occupations

 

Analysis of industries experiencing growth and increased demand for skilled workers

Based on national job announcements, the top 5 professions in demand were Registered Nurses, Aged and Disabled Carers, Software and Applications Programmers, Early Childhood Educators and Construction Managers. Compared with 2022, 66 jobs were added to the skills shortage list. This increased the percentage of professions in demand in the Skills Main List from 31% in 2022 to 36% in 2023. Most of these new jobs were in high-skilled professional occupations. Here are some of the highlights of the occupations in demand:

 

• Health Professionals, Trades Workers, Technicians, and Community and Personal Service Workers made up the majority of the top 20 occupations in demand.
• Occupations where there was a determined national shortage over the past few years include General Practitioners, Registered Nurses, Child Care Workers, Motor Mechanics, Aged and Disabled Carers, Electricians, Hairdressers and Chefs.
• Jobs identified by a gender variance were more likely to suffer from skill shortages. For example, male-influenced jobs such as drivers, labourers, and machinery operators, as well as jobs where females make up the majority of the workforce, such as registered nurses and early education occupations, were among those occupations that were found to be in shortage.
• Skills shortages were frequently identified by a lack of qualified applicants for each advertised position, a lack of suitable applicants per job and challenges in keeping workers in certain occupations.
• Regional areas suffered from critical shortages in highly skilled occupations such as GPs, Registered Nurses and Engineers as well as other jobs such as Child Care Workers.

 

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Discussion on specific occupations in demand

The most in-demand occupations looking for highly skilled workers and their average salaries per year are listed below:

Occupation	Annual salary in AUD
IT	$81,000 – $149,023
Marketing & Sales	$70,879 – $165,000
Engineering	$87,392 – $180,000
Hospitality	$58,500 – $114,356
Healthcare	$73,219 – $160,000
Accounting & Finance	$89,295 – $162,651
Human Resources	$82,559 – $130,925
Construction	$75,284 – $160,000
Professional and Scientific Services	$90,569 – $108,544

 

Source: Talent Site

 

Workforce demands in different States of Australia.

 

Examination of job market differences across states

The Australian labour market has been performing strongly in recent years, with reducing unemployment rate and strong employment growth. These outcomes have been achieved in an environment of average economic growth. Despite these positive results, there are indications of continuing additional capacity in the labour market returned in a determined high underemployment rate.

 

Australian Bureau of Statistics data show that the unemployment rate has reduced from 6.3% in December 2014 to 5.1% in April 2019. During the same time, the underemployment rate was only moderately reduced from 8.5% to 8.3%.

 

Cities that scored the highest for employment opportunities:

 

• Sydney
• New South Wales (NSW)
• Victoria (VIC)
• Queensland (QLD)
• Western Australia (WA)
• South Australia (SA)
• Australian Capital Territory (ACT)

 

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Highlighting areas with notable job opportunities or challenges

The services sector influences the Australian economy, followed steadily by agriculture. Tourism is also a big line of work, especially in big cities and towns. The possibility of finding a graduate opportunity is higher in metropolitan cities such as Perth, Adelaide, Canberra, Brisbane, Melbourne, and Sydney, but don't cut more rural locations. If you have suitable skills and qualifications, your probability of finding employment is positive.

 

Graduates in all parts generally enjoy a low unemployment rate and have better labour market outcomes and salaries than non-graduates.

 

Impact of Technology and Automation in Australia

 

Discussion on how technological advancements and automation are shaping the job market

Rising technologies are changing all industry sectors, replacing over 600,000 Australian workers by 2025. However, this technological modification managed by the Fourth Industrial Revolution will also create new and exciting opportunities. Over the next 15 years, an additional 5.6 million new opportunities could be added to the Australian economy, and 25% will be technology-related roles. Globally, other nations’ investments in skills development and transition to date far exceed Australia’s spending. The Australian government has adopted ACS calls for a macro, cross-policy approach to ease the impact on the workforce and address any resulting skills shortages.

 

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Potential opportunities and challenges for workers in the evolving landscape

As we look ahead to 2024 and beyond, the employment outlook in Australia promises both opportunities and challenges. It's a landscape where employer branding, skills shortages, and cost consciousness converge with a renewed focus on future-proofing organisations.

 

It's a call for job seekers to support control, curiosity, and continuous learning. For business leaders, it's an invitation to lead with flexibility, innovation and diversity.

 

Skills in demand in Australia

 

Identification of key skills sought by employers

Knowing the skills employers look for when guiding resumes and interviewing candidates for job applications is vital. In some industries, there are key soft skills employers value because they show your potential to work with other people, adapt to new situations and be an asset to the team.

 

Importance of upskilling or reskilling for job seekers

Upskilling and reskilling will expand earning potential and provide opportunities for career growth. By upskilling and reskilling, candidates can stay competitive in the job market and expand their chances of success in a quickly changing world.

 

Remote Work and Flexible Arrangements

 

Exploration of the continuing trend of remote work

Remote work has become more popular because it provides advantages for both employers and employees. It also obtained a great deal of extended attention due to the COVID-19 pandemic, which caused many organizations to quickly shift from a traditional face-to-face work environment to a fully remote workforce for safety and health reasons.

 

Implications for both employers and employees

An employer must provide both workers and employers with details of their basic terms, such as how much they will be paid, hours they will work, their holiday entitlement, their place of work and so on, on their first day of employment.

 

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Government Policies and Initiatives

 

Overview of any government programs or policies influencing employment

Labour market states have generally upgraded for young people in Australia since the Global Financial Crisis (GFC). However, the redemption has been rough across labour market regions and age groups.

 

The Government’s main reaction to youth unemployment is the supply of active labour market programs. Proof of the benefit of these programs is not positive when it comes to deprived young people. Some of the targeted programs initiated in the last two federal budgets have a greater chance of better participants’ long-term employment outcomes.

 

Analysis of how policy changes may impact the job market

Australia has acquired several policy responses to youth unemployment over recent years. These include inspiring and helping young people stay in school beyond the age of 16 and securing the conditions for eligibility for income support. However, encouraging unemployed youth through active labour market programs (ALMPs) is the most common policy response.

 

Challenges and Opportunities for Job Seekers in Australia

 

Discussion on the challenges faced by job seekers

Job searching is hard, but by understanding some important challenges job seekers face and how to overcome them, you can approach your job search with more confidence.

 

The most common challenges faced by job seekers are listed below.

 

• Keeping resumes up-to-date.
• Confusing application processes.
• Unclear job descriptions.
• Long drawn-out interview processes.
• Unknown salary ranges.
• Online resume filters.
• The hidden job market.
• I do not feel 100% qualified for a job.

 

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Tips and strategies for navigating the job market successfully

Job seekers should adopt a mixed approach, including networking, recruitment agencies, industry-specific platforms, and direct company engagement, to increase their chances of getting suitable employment. By changing their job search strategies, they can face the challenges of the Australian job market more efficiently and increase their chances of success.

 

Summary of Australia Job Outlook

Job seekers face many challenges, like unclear application processes, confusing job descriptions, long interview processes, online resume filters, the hidden job market, and feeling like they’re not qualified for a role.

 

By imposing these tips and strategies, job seekers can excel in overcoming these challenges and getting their dream job.

 

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S.NO	Country	URL
1	UK	www.y-axis.com/job-outlook/uk/
2	USA	www.y-axis.com/job-outlook/usa/
3	Australia	www.y-axis.com/job-outlook/australia/
4	Canada	www.y-axis.com/job-outlook/canada/
5	UAE	www.y-axis.com/job-outlook/uae/
6	Germany	www.y-axis.com/job-outlook/germany/
7	Portugal	www.y-axis.com/job-outlook/portugal/
8	Sweden	www.y-axis.com/job-outlook/sweden/
9	Italy	www.y-axis.com/job-outlook/italy/
10	Finland	www.y-axis.com/job-outlook/finland/
11	Ireland	www.y-axis.com/job-outlook/ireland/
12	Poland	www.y-axis.com/job-outlook/poland/
13	Norway	www.y-axis.com/job-outlook/norway/
14	Japan	www.y-axis.com/job-outlook/japan/
15	France	www.y-axis.com/job-outlook/france/