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The job vacancy rate has eased

  • Job vacancies as a share of the Victorian labour force (the job vacancy rate) has eased in May 2024 to 2.2 per cent but remains relatively high. This reflects slowing but still strong demand for workers.
  • With 172,000 Victorians unemployed and 87,000 job vacancies in May 2024, there are now two unemployed Victorians for each vacancy. This is higher than in early 2022 where it was close to one unemployed Victorian for each job vacancy.

Figure 5

  • Download 'Figure 5'

Updated