An industry lens

All industries are expecting more new workers over the next three years (Figure 2.3).

While comprising 40% of current employment, health care and social assistance, education and training, professional, scientific and technical services, and accommodation and food services are expected to account for more than half of the 352,000 new workers expected over the next three years. The influences on employment growth vary by industry, with health care and social assistance and education and training spurred by government investments. This includes the National Disability Insurance Scheme, aged care services, and the Victorian Government’s Best Start, Best Life reforms to early childhood education. Changes to the professional, scientific and technical services industry are driven by advances in technology, while accommodation and food services are growing with visitor numbers. Further qualitative indicators into the influences on employment growth between 2023 and 2026 across each industry are provided in Appendix C(opens in a new window).

In professional, scientific and technical services, information, media and telecommunications, and financial and insurance services, more than 85% of new workers will need to have higher-order skills (Figure 2.3).

Figure 2.3: New workers expected in Victoria by industry (2023 to 2026)

IndustryHigher-order skillsOther skillsNumber of new workers expected
Health and community services60.7%39.3%83,300
Education and training82.9%17.1%46,400
Professional, scientific and technical services93.5%6.5%35,000
Accommodation and food services38.7%61.3%32,300
Transport, postal and warehousing29.4%70.6%22,700
Public administration and safety65.0%35.0%18,000
Retail trade39.1%60.9%11,700
Financial and insurance services85.1%14.9%10,500
Administrative and support services39.4%60.6%10,000
Wholesale trade53.2%46.8%8,300
Other services65.5%34.5%6,500
Rental, hiring and real estate services78.9%21.1%5,800
Arts and recreation services63.1%36.9%5,700
Agriculture, forestry and fishing73.3%26.7%5,600
Information media and telecommunications88.1%11.9%4,000
Electricity, gas, water and waste services70.7%29.3%3,600

Source: Victorian Skills Authority