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The Australian Jobs Report is out now

The National Career Institute have just released the 2022 version of Australian Jobs, which is a pretty good overview of the state of the labour market with some up-to-date advice for finding and securing work.

I usually like to focus on the second half of these documents because that’s where the labour market analysis resides, but there are also some good points to mention in the job seeker section this time, so I’ve outlined my key takeaways below, but I’d recommend checking out the report if you’re interested in transitions or working with young people.

Their data generally comes from recent (i.e., post-covid) surveys, ABS, and ATO data.

Here are my key takeaways:

 

Great facts for early stage job seekers

There are some good facts early on about the job seeking process. They break down the proportions of places that different jobs are advertised (72% internet, 24% social media, 4% newspapers, and 29% word of mouth) and have some great tips for people without any actual work experience. I really like this little breakdown of the importance of technical skills vs. transferable skills (personal qualities), which essentially shows that three quarters of employers think personal qualities are as-or-more important than technical skills.

This reinforces what we’re seeing among employers when they tell us they can train someone in technical skills (or hire based on the qualification), but they can’t train people in transferable skills.

Emerging and Trending Skills

The report uses data from the Australian Skills Classification to unpack some of the trending skills that employers are looking for. There’s a real focus on social media skills and platforms, which is great to see and reinforces the point that we need to start thinking of our social media presence as essentially a living resume that reflects our career and life experience. This will help people who may in the past have been permanent employees who are now hired on contracts or split their time contracting for multiple companies, and need to constantly be aware of future work opportunities.

They also make use of their new Similar Occupations tool and compare some popular jobs with others that share the same skillset.

 

The stuff we came here for – the Labour Market Information

There is some great work unpacking the state of the youth labour market, and it’s generally positive:

  • Youth employment surged in 2022,
  • The rise in employment was mostly due to a rise in full-time employment (yay!),
  • The drop in youth employment corresponded with a rise in the participation rate, which is great to see, and
  • Long term youth unemployment decreased by 30%

Youth are still overrepresented in terms of the long-term unemployed, but the signs are positive.

Following the national data, you’ll find a state-by-state breakdown which includes the major changes, then some more general information about jobs by industry or classification which generally reflects the overall national trends.

 

There’s some good data in the jobs by occupation class data

Towards the end of the report there are some good one-page breakdowns of LMI by occupational class. I particularly liked the tables at the bottom of each page which look at the 5 year trends and projected employment growth by the occupation subgroups, which could be very useful when looking at specific areas with students.

Here’s the table from the ‘Managers’ page, which shows significant increases in numbers over the past 5 years, although it’s interesting that they predict much smaller increases in the coming 5 years.

This seems to be repeated throughout the report, for example ICT Professionals have grown by 57.2% over the 5 years to May 2022, but they’re only predicting 26.3% growth to May 2026.

 

The Occupational Matrix is also pretty handy

It’s right at the end of the Report, but it does a pretty good job of allowing you to compare jobs by a range of different factors, and could be great to explore with a cohort. Some of the data is incomplete, so it would be worth explaining to a client or student that the missing data doesn’t mean zero, it just means the data is missing.

Overall, I think the report is a welcome addition to the available resources and well worth a read. You can access the report here.

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