Job mobility trends revealed | Australian Broker News
News
Job mobility trends revealed
Mobility sees first drop in three years
Australia’s job mobility fee has decreased for the primary time in three years, returning to pre-pandemic ranges, based on new knowledge from ABS.
“In the 12 months to February 2024, round 8% of employed folks, or 1.1 million folks, modified their employer or enterprise,” stated Bjorn Jarvis (pictured above), ABS head of labour statistics. “This was down 1.5 share factors from 9.6% in February 2023.”
Gender and age disparities
Job mobility charges fell for each women and men, with a extra vital decline for males.
Women’s job mobility was barely greater at 8.2% in comparison with 7.9% for males. Younger employees stay extra cellular, with 12.6% of 15 to 24-year-olds altering jobs. However, that is decrease than the 15.9% seen in 2022.
Industry-specific trends
Job mobility charges declined throughout all industries aside from info media and telecommunications (+1.8 share factors) and different providers (+0.1 share factors).
The largest drops have been in arts and recreation providers (-5.4 share factors) and transport, postal, and warehousing (-4.5 share factors).
“Sales employees nonetheless had the best mobility fee, with 9.7% altering jobs,” Jarvis stated.
Potential workforce enhance
In February 2024, there have been 1.9 million potential employees, up from 1.8 million in February 2023. Of these, 555,000 have been unemployed, and 1.3 million weren’t within the labour drive however needed to work.
“Of the individuals who needed to work, simply over 1 million folks have been obtainable to start out work immediately,” Jarvis stated.
Challenges in job looking for
Around 82% of unemployed folks reported difficulties discovering work, much like February 2023. The predominant points have been too many candidates (12.7%), inadequate work expertise (10.8%), and ailing well being or incapacity (10.7%).
“More folks reported difficulties associated to labour market circumstances in February 2024, in contrast with February 2023, when the labour market was notably tight,” Jarvis stated.
Get the most popular and freshest mortgage information delivered proper into your inbox. Subscribe now to our FREE every day e-newsletter.
Related Stories
Keep up with the most recent information and occasions
Join our mailing checklist, it’s free!
