Job vacancies as a share of the Victorian labour force (as measured by the job vacancy rate) have declined from the highs reached in late 2022 but remain higher than the average over the prior decade.
The number of unemployed Victorians per vacant job has also picked up slightly but remains at near record lows. There are now two unemployed Victorians for each vacancy, higher than early 2022 but well below pre-2020 levels.
Figure 2.1
Updated