7.5 and 3.1

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The two numbers in the title of this post are meaningless without context. They also happen to paint a very interesting picture in terms of the Victoria Labour Market. If you scroll to the bottom of this post from Reed Construction Data you will see two tables side by side that contain data that should be of interest to anybody in Victoria who is looking for work.

As we looked at recently Victoria is tied for the lowest unemployment rate in the country at 3.1%. Also, the capital city had the highest employment growth in the country over the last 12 months at 7.5%.

The numbers 7.5 and 3.1 in this case paint a picture of rosy employment prospects for the Victoria labour market. There are more new jobs being created every month with fewer people to apply for them. Now the question is are these available jobs all entry-level or low-paying ? No doubt that many are. But my travels along the job boards show a wide variety of opportunities with many different skill requirements.

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