The International Labour Market Update provides key labour market data for Australia and selected overseas countries and country groups. This quarterly publication also reports on current and emerging global skill shortages.
The February 2024 report shows that:
- labour markets remained tight in the second half of 2023 and global shortages were high in the care, transport, retail, manufacturing, construction, and information and communications technology sectors
- in the December quarter 2023, job vacancies remained above pre-pandemic levels in most high income economies
- the International Labour Organisation forecasts global unemployment rates will rise modestly in 2024 because of increased joblessness in advance economies.