The Changing Face Of the Australian Job Market: Victoria

According to the Australian Government’s Department of Employment, Victoria is the second largest employing state, adding more jobs in the previous five years compared to any other state.

The Australian Jobs Report is an annual publication that reflects the changes in the Australian Labour Market; providing some great information around industries, regions and career paths that are booming in Australia.

If you are looking to find out more information about which industries are thriving in Victoria, this article can help you to make the best fitting decision for you and your career.

From the data collected, it is shown that the Victorian state employment is concentrated in Melbourne with 76% of all Victorian employment found within the city.

Approximately 69% of workers have a post-school qualification, while the national average is 67%.

Melbourne holds the title for the most highly educated workforce across the state, with 37% of workers holding a bachelor degree or higher.

It was found that Victoria does tend to have an older overall workforce; with 40% of workers aged over 45 years, and 33% working part time.

Workers will see more jobs in the future in these booming regions:

In Victoria, the top five employing industries are:

Circumstances surrounding youth employment in Victoria have improved over the year, with youth employment rising by 1,100 (or 0.2%).

Victoria’s youth unemployment rate has increased to 13.2% in January 2018. However, this percentage is still above the national youth unemployment rate of 12.3%

According to the Australian Jobs Report 2018, the short-term outlook for the Victorian economy is positive. There is an expected 2.0% employment growth in 2018-19, while the unemployment rate is forecast to average 5.75% during this timeframe.

From these figures, it is clear that these five largest employing industry areas are booming within Victoria and are expected to remain the largest in the coming years. If you are interested in pursuing a career in any of these areas, explore the possibilities with our large range of courses.