March Employment Trends
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
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.
