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Australian labour market: present and future

⚡️Australian labour market: present and future⚡️

🇦🇺The National Skills Commission (NSC) established in July 2020 provides expert advice on Australia’s labour market and current, emerging and future workforce skills needs.

🤓In June it has released its first nationally anchored assessment of the Australians labour market analysis on occupations through the Skills Priority List.

💁🏼‍♀️The list provides a current labour market rating and a future demand rating for occupations nationally, with current labour market ratings also available at a state and territory level.

☝🏼Each occupation is given an indicative future demand rating (strong, moderate or soft) to indicate the likely demand for the occupation over the coming five year period. The lists further break the demand into state and territories, those shortages restricted to metropolitan (M) or regional (R) areas, shortage (S) if it is actual for both categories and no shortages (NS) is not.

🧐The list is developed using a broad range of data including ABS Labour Force Surveys, Internet Vacancy Indices, Home Affairs Temporary Skilled visa grant numbers.

🤷🏼‍♀️Despite conducted abundant research, you have to remember that while an occupation can be considered in shortage, it is still possible that job seekers can face significant competition for positions (for example due to the level of experience or specialisations required). Similarly, employers can still have difficulty recruiting for occupations that are not in shortage.

 

Using these two components, each occupation assessed will be categorised into one of six categories.

Skilled priority list

Count of occupations

Current Labour Market Assessment

Future Demand Indicator

Shortage

Strong

57

153

Shortage

Moderate

87

Shortage

Soft

9

No Shortage

Strong

208

646

No Shortage

Moderate

394

No Shortage

Soft

44

 

❗️Please be aware that this list is different to the Department’s various Skilled Occupation Lists.

You can download the full report of NSC here