Australia’s labour market has proven remarkably resilient, with astonishing levels of jobs growth, but there are signs that the sparkle is coming off. A growing number of indicators suggest that employment growth is weakening and hiring activity is slowing.
The unemployment rate in May was steady at a seasonally adjusted 4.1% after the number of people employed fell by 2,500 in the month.
Other indicators suggest that the pace of private sector jobs activity has noticeably stalled, with most of the growth occurring in the public and non-market sectors.
This report uncovers what’s happening across Australia, examining how the workforce has been impacted, the challenges employers face in the current landscape, and trends in national recruitment activity.
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