Employment Continues to Rise: What Can you Do About It?

Having trouble finding the staff you need?

That comes as no surprise with the seasonally adjusted unemployment rate remaining stable in March, according to data released by the Australian Bureau of Statistics (ABS).

Explaining it all Lauren Ford, ABS head of labour statistics said: “with employment increasing by around 53,000 people, and the number of unemployed decreasing by 1,600 people, the unemployment rate remained at a near 50-year low of 3.5%.”

“In line with the increase in employment, the employment-to-population ratio increased 0.1 percentage point to 64.4%, with the participation rate remaining at 66.7%. Both indicators were close to their historical highs in November 2022, reflecting a tight labour market and explaining why employers are finding it hard to fill the high number of job vacancies.”

“With consecutive months of strong growth in female employment (up 81,000 over the past two months), the female participation rate increased to a record high of 62.5%, and their employment-to-population ratio also hit a historical high of 60.4%,” Ms Ford said.

Time to Look Further Afield?

If you can’t find the talent you need in Australia, perhaps it’s time to look further afield.

Globally, there’s a wealth of expertise, experience and perspectives just waiting to help expand your business. If you’ve identified talent outside Australia that meets your growth objectives, the Ayers Group can help you by checking their eligibility, managing their visas and on-boarding. With over 20 years in the business, and as one of few companies approved by the Australian Department of Home Affairs (Immigration Department) to hire and on hire international workers, we can manage the employment of international workers for you.

If you’re not already talking to the Ayers Group about arranging visas for the talent you need, contact one of the experts on our team to find out how we can help your business.