Job Vacancy, Australia

4 February 2023

Job vacancy almost quadrupled in the two years from May 2020 (130K) to May 2022 (480K).

Even though the latest vacancy figures in November 2022 show an 8% drop from the peak, job vacancies remain at historic highs.

The tight labour market in Australia will likely only abate when net migration increases from -85K in 2021 to 235K in 2023.

Will the expected increase in net migration allow Australia to avoid a #recession in 2023?

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