The global labour market showed resilience in 2024, with employment and the total workforce growing, according to the International Labour Organisation (ILO). The global unemployment rate remained steady at 5%.
Labour market trends across key economies
Canada: The employment rate rose over the month to December 2024 for the first time since January 2023, reaching 60.8%.
Euro Area: Shortages were high in administrative and support services and construction.
Japan: Had low unemployment and shortages in information services, construction, transportation and accommodation.
New Zealand: The number of filled jobs increased by 0.3% in November 2024, with healthcare and social assistance seeing the most growth.
Republic of Korea: The unemployment rate hit a historic low of 2.7% in October 2024, while employment reached a record 62.7%.
United Kingdom: 79% of UK firms attempting to recruit faced difficulties, particularly in construction, manufacturing, and transport and logistics.
United States: Employment increased by 256,000 in December 2024, with the healthcare, government, and social assistance sectors seeing the most job gains.
For more insights, read the full report.
If you have any questions or comments or want to know more, email: migration@jobsandskills.gov.au.
