- Date:
- 24 Oct 2023
Key points
The state of the Victorian labour market in figures.
The Victorian labour market remains strong
The proportion of people employed or actively looking for employment has reached a near record high and the unemployment rate is very low.
Victoria is expecting over 350,000 new workers by 2026
Around 352,000 new workers are expected to enter the labour market in Victoria by 2026.
Influences on the Victorian labour market
The Australian economy is forecast to grow more slowly than previously expected.
A few ideas to help meet the demand for new workers
Improving labour productivity is key to Victoria's long-term prosperity.
Appendix A: Employment forecast methodology
Employment forecast methodology
Appendix B: Metropolitan and regional summaries
Metropolitan and regional summaries
Appendix C: Qualitative evidence on the influences on employment growth by industry
Qualitative evidence on the influences on employment growth by industry
Updated