State of the Victorian Labour Market Report 2022

Participation and productivity can drive future prosperity.

Executive summary

The Victorian Skills Plan identifies priorities and actions required to build a robust skills base for Victoria and fuel its economic recovery. These priorities and actions are informed by extensive evidence on the state of the Victorian economy and the challenges and opportunities that lay ahead.

Victoria’s economy is rebounding and is expected to experience strong workforce demand to 2025, with over 370,000 additional workers forecast to be needed. Demand is anticipated across all industries with aged and disabled carers, registered nurses and software and applications programmers most in demand. Despite an optimistic economic outlook, workforce constraints are a major challenge, especially in regional areas. Further, the pandemic is compounding this challenge.

Greater participation and higher productivity are required to address workforce constraints and secure Victoria’s future prosperity.