A time of major change
COVID-19 has radically affected Australia’s labour market.
We have seen an unprecedented fall in employment, a dramatic drop in hours worked, a significant increase in underemployment, a record number of people leaving the labour force, and job vacancies falling to the lowest level in over a decade. Young people and women have been disproportionately affected, some industries have fared better than others, and capital cities have generally felt the impact more deeply than regional areas.
Thousands of jobs have been lost and the lives of many Australians greatly altered. Despite this, Australia is still doing better than most other nations in terms of economic resilience.