2024 Labour Market Update - Brisbane

2024 Brisbane Market Insights

High Active Job Seeker Participation: With 76% of job seekers actively pursuing employment opportunities, Queensland demonstrates a proactive workforce actively engaging with the labour market. Employers can leverage this enthusiasm by ensuring their recruitment processes are efficient and targeted to attract top talent.

Diverse Employment Opportunities: Queensland offers a diverse range of employment opportunities, with a significant portion of vacancies (70%) being full-time positions. This variety caters to different workforce preferences and lifestyles. Employers should highlight these opportunities and provide clear pathways for career advancement to attract and retain skilled professionals.

Stable Unemployment Rate Despite Decrease in Job Ads: Despite a marginal decrease in job advertisements, Queensland maintains a relatively low unemployment rate of 4.3%. This stability suggests resilience in the labour market and indicates that employment opportunities remain available for job seekers. Employers can utilise this stable environment to invest in talent development and workforce expansion initiatives.

Addressing Passive and Hesitant Job Seekers: While a significant portion of job seekers in Queensland are actively seeking employment, there is also a notable percentage of passive and hesitant individuals. Employers should implement strategies to engage with these segments, such as building employer brand awareness, offering flexible work arrangements, and providing training and development opportunities. By addressing the needs and concerns of all job seeker segments, employers can maximise their recruitment efforts and attract top talent.

In summary, Queensland's labour market presents a wealth of opportunities for both job seekers and employers. By understanding the dynamics of the labour market and tailoring recruitment strategies to engage with diverse job seeker segments, employers can capitalise on the region's stable job market and build a resilient workforce for sustained growth.

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