The International Labour Market Update provides key labour market data and information on skill shortages for Australia and selected overseas countries and country groups.
The report shows that:
- labour markets remained tight with some signs of easing in advanced economies for the March quarter 2024.
- over the medium term, artificial intelligence could raise productivity by enhancing worker efficiency and boosting investment.
- migration and technological progress can reduce the global ageing impact by cushioning labour shortages plus more.