Snapshot of the State of the Victorian Labour Market Report 2024

• Labour market conditions in Victoria remain positive

  The unemployment rate remains low, and the share of people either working or looking for work is at a record high. The job vacancy rate has eased, and employability skills are in high demand.

• The Victorian labour market will see high workforce growth in the next 10 years

  Around 392,000 new workers are expected to enter the Victorian workforce by 2027, and 1,421,000 by 2034. Almost all of the expected demand will be in jobs that require post-secondary qualifications.

Updated 27 May 2025