In Q4 2023, Australia's total hours worked decreased 0.3%, while filled jobs increased 0.4% and job vacancies fell 5.6%.
In Q4 2023, Australia's total hours worked decreased 0.3% to 5,863 million hours, according to the ABS. Filled jobs increased 0.4% (57,000 jobs), but this growth was slower than recent quarters. Job vacancies fell 5.6%, and while both measures remain above pre-pandemic levels, the labor market remains relatively tight. The annual increase in filled jobs was 2.8% (428,000 jobs), lower than the 4.7% (692,000 jobs) annual growth in Q2 2023.
March 08, 2024
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