Historically low unemployment remains

Whilst economic growth is forecast to slow later this year with rising interest rates, and inflation in Australia is expected to have peaked, the labour market continues to be very tight. Seasonally adjusted unemployment has slightly dropped to 3.5% whilst underemployment remains steady, and the participation rate has decreased. Current predictions have the unemployment rate forecast to remain low until mid-2023 before rising as economic output slows.

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Australian Employment Trends in March

We break down the current trends and share insights from our recruitment managers about what is truly happening at the forefront of the talent war. Topics include:

  • Key employment indicators

  • March trend insights

  • AI and recruitment

  • Skills shortages

  • Quiet hiring and skills hiring, what are they?

  • New candidate trends and more

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We’re in the business of understanding how people tick because we’ve been digging deep into people’s needs and motivations since 1959. We uncover the ‘BestFit™’ for employers and job hunters alike by looking beyond the CV’s and JD’s. This allows us to match candidates to jobs that bring out their best and discover people that can make businesses boom. We’re a team of flexible thinkers and detail obsessors, who believe that the right fit can lead to a happier life. Because when you really get people, you really open up a world of opportunity.

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Employment Trends