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Vacancies decrease yet still high
In August 2024, there were 329,900 job vacancies. Although the number of vacancies has decreased over the past two year, it is still twice as high as it was before the pandemic, with 2.2% of all jobs in Australia currently unfilled.
Australia has 627,000 unemployed individuals, resulting in approximately 1.9 unemployed people per job vacancy. This remains significantly tighter than the normal the ratio of around 4.0.
The sectors with the highest vacancy rates are mining (3.5%), utilities (3.1%), and accommodation and food services (3.7%). Vacancy rates in wholesale trade, ICT, financial services and administrative services have returned to pre-pandemic levels.