Q2 AU Labour Account: Despite Some Declines, Job Creation Remains Strong
Callam Pickering - September 6, 2024
The Australian job market continues to slow, with the job vacancy rate falling for seven consecutive quarters. Despite that, Australian job creation remains excellent by historical standards, particularly given a very challenging economic environment.
July 2024 AU Labour Force Survey: Unemployment Rate Rises
Callam Pickering - August 15, 2024
Job creation remains strong in Australia, with full-time employment increasing sharply in recent months. Unemployment remains low but continues to gradually rise due to a combination of high population growth and rising participation in the workforce.
While wage growth remains solid, it has clearly passed its peak, with quarterly gains at their lowest in over two years. Nevertheless, solid wage growth continues to support Australian households, helping to absorb the impact of cost-of-living pressures.