Victoria’s labour market remains strong, with 3.8 million people employed, a high participation rate of 68.1% and a low unemployment rate of 4.7% (as at September 2025).
Job vacancies
- The job vacancy rate, which is the share of job vacancies to the labour force, has declined to be slightly below its 10-year average.
- The number of applicants per job vacancy has increased substantially, making it easier for employers to fill vacant positions.
Skills in demand
- An increasing share of job advertisements requires non-technical skills like communication, problem solving, initiative and leadership.
- Demand for advanced digital skills has been growing, particularly for artificial intelligence (AI) skills, data analysis, computer science and cybersecurity.
- Vocational Education and Training (VET) is important for re-skilling and up-skilling, with many Victorians undertaking VET to change jobs or get more skills for their current job.
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