In August 2024, there were 330,000 job vacancies, according to the latest data from the Australian Bureau of Statistics (ABS). Australia’s unemployment rate was 3.7% in August, close to the record-low of 3.5% recorded earlier this year.
The Institute of Public Affairs (IPA) stated that the findings indicate "no end in sight for Australia’s worker shortage crisis," with vacancies remaining higher than pre-COVID levels. This unprecedented worker shortage is hindering vital economic growth and costing Australians $32 billion in lost wages, according to IPA analysis. The federal government is also losing $7 billion in income tax revenue as a result.
The Australian Chamber of Commerce and Industry urged immediate action, stating, "We must urgently reduce barriers for people wanting to work, increase both permanent and temporary skilled migration, and invest in training to address the chronic workforce shortages across the economy."
STUDY AND WORK have been a part of the solution since 2007. We offer two effective solutions to assist employers:
1. Hire Australian trainees and graduate interns, and
2. Hire skilled migrants on a 407 training visa from the global talent pool.
Our solutions create a win-win-win situation: they’re good for the talent, good for the employer, and good for Australia's skill development.
Contact us at 1300 79 80 69 for fast, efficient, and cost-effective staffing solutions.
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