The war for talent in Australia’s job market has shown no sign of slowing down, with our unemployment rate falling to 3.4 per cent in October, the lowest in fifty years.
This has meant a shortage of skills for Australian employers to choose from, a scenario they have been experiencing for over a year as a lack of overseas labour due to Covid has impacted employers’ ability to hire workers to cope with increased demand.
But, a new report from Macquarie Bank indicates this may be about to change, citing a predicted “decline in demand growth in the economy, and an increase in unemployment” during 2023.
For more information, please visit https://au.finance.yahoo.com/news/australias-skills-shortage-2023-215600981.html