What job hunting means for Australian jobseekers
Posted On June 21, 2021
With the federal election looming, job seekers across the country are being asked what it means to be a part of the next wave of economic change.
What job hunting really means, and what’s next for jobs in Australia’s new digital economy article It’s been a busy week for the job market.
The Australian Bureau of Statistics (ABS) released its latest quarterly job-hunting data on Thursday.
It showed that employment rose by 0.6 per cent, which was the slowest annual growth in more than four years.
That growth was also the slowEST in nearly three years.
The unemployment rate is also at a 12-year low, but there is still a huge number of Australians without work.
Australia’s jobless rate has fallen from 9.1 per cent in March to 9.0 per cent today.
The ABS figures are just one of many reports on the latest economic growth figures.
In the first half of this year, the economy grew at an annualised rate of 3.9 per cent.
But in the first quarter of next year, it will be up to 5.4 per cent growth.
These growth figures are a reflection of the huge job market that is emerging across Australia.
The jobs market is creating a lot of demand.
More than two-thirds of Australians aged 25-64 are now employed full-time.
And there are more than 6.4 million people employed in the hospitality and hospitality-related industries.
Job seekers in particular are looking for more jobs.
This week, the ABS released data showing that the number of job seekers who were looking for a full- or part-time position had fallen by almost three-quarters.
Job seekers aged between 20 and 24 were the biggest group of job-seekers to lose their job, with nearly 50 per cent of jobseekers aged between 25 and 34.
While this is still higher than in previous years, the decline in job seekers aged over 50 has been even more pronounced, with half of job applicants aged over 55 looking for full- time employment.
As a result, the number and type of jobs Australians are looking at is more diverse.
A recent study by the Bureau of Labor Statistics (BLS) also found that more Australians are working in retail and restaurants than ever before.
There are a lot more job opportunities for Australians looking for work in the retail sector, with more than half of jobs in the food and beverage sector now being filled by people with tertiary qualifications.
The government’s job seeker program, launched in 2014, has been a huge success for many.
After spending more than $50 billion over five years, it has provided more than 30,000 people with employment opportunities in the past year alone.
Since then, the program has helped more than 2.8 million Australians find work.