Victoria needs new workers to fill newly created jobs and vacancies created by retiring workers. Around 392,000 new workers are expected to join the Victorian workforce over the three years to 2027 and approximately 1,421,000 are expected over the decade to 2034. Of new workers expected:
- Around 168,000 new workers will be needed to fill new jobs expected to be created and another 224,000 new workers needed to replace retiring workers over 2024-27.
- About 630,000 new workers will be needed to fill new jobs and 791,000 new workers to replace retiring workers over 2024-34.
The Victorian Skills Authority (VSA) measure of new workers expected is not an estimate of labour demand or workforce shortages (which is presented elsewhere in this report). It is a measure of how much labour supply from workers is projected to meet labour demand from employers based on current trends and policy settings. It is a key tool in understanding future labour market and education and training requirements (see Appendix A for further information).
The employment projections in this report can be downloaded from the VSA’s website and from our Employment Projections Dashboard. The data are presented by industry, occupation and region.
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