There is nearly the same number of people looking for work as there are vacant jobs, and one in four businesses are seeking workers. auspol
Australia’s labour and skills crisis is worsening, experts warn, with businesses struggling to fill nearly half a million jobs amid a mismatch between people’s expertise and the work available across the nation.
Australian Chamber of Commerce and Industry chief executive Andrew McKellar said businesses in all sectors and across every state and territory were facing huge worker shortages.The worker shortage is widespread, with one in four Australian businesses reporting vacancies –more than double the February 2020 pre-pandemic level of 11 per cent, according to ABS head of labour statistics Bjorn Jarvis.
KPMG chief economist Dr Brendan Rynne said high numbers of vacancies in major sectors including healthcare, financial services and construction would act as a dampener on economic growth in the coming months. “If the positions aren’t filled, then businesses – and the country as a whole – miss out on opportunities for growth. Fixing the job crisis should be a first order of work for the new federal government.”
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