To achieve our 3 long-term goals, we monitor, research and analyse employment dynamics across different demographic groups, industries, occupations and regions. We consider how changes in the labour market will impact jobs today and in the future. And we consider how those changes will impact the economy’s education and skills needs.
We do this through our flagship data engine – the Jobs and Education Data Infrastructure project, or JEDI, our surveys of employers, and labour market research. We examine what occupations are emerging in the economy now, and what the future might hold for the labour market.
We are also developing a national VET pricing framework to improve transparency about costs and prices for training. This pricing framework based on actual cost evidence will also give training providers more confidence to make long-term investments in priority skills areas, allowing more students access to the training and jobs most in demand.
Our national focus and data capability will also provide students, industry and governments with more information than ever before about how effective courses – and the VET system overall – are at leading students into quality jobs in areas of skill demand. This information will help students make better choices about what to study and guide government decisions about where to invest public dollars.
In undertaking this research, we ensure to communicate our findings both to government and to the public.
Doing this helps ensure we have the right mix of skills at the right time. This makes it easier for people to get jobs and for businesses to find the employees they need. It helps the education and training system plan for the skills needs of today and the future.
Read our research
Our key research and analysis has been published in 2 major reports – A snapshot in time and The shape of Australia’s post COVID-19 workforce. These reports have informed people and governments about the opportunities and risks in the jobs market.
Later this year we will release our first annual report on Australia’s current, emerging and future workforce skills needs. This report is one of the legislated functions of the National Skills Commissioner. It will be provided to the Minister for Employment, Skills, Small and Family Business and then tabled in Parliament.
Scenario modelling and projections
Scenario modelling and projections are important as labour market conditions involve considerable uncertainty. It improves our understanding of what is possible and allows us to compare the impact on labour market outcomes in the short- and medium-term.
For scenario modelling, we have previously partnered with the Centre of Policy Studies (Victoria University) and AlphaBeta Advisors to model four economic scenarios using a computable general equilibrium (CGE) model of the Australian economy, as well as a ‘no COVID-19 base’ scenario benchmark. More information on our scenario modelling can be found in our report, The shape of Australia’s post COVID-19 workforce.
Our latest employment projections, based on the forecasted and projected total employment growth rates published in the 2020-21 Mid-Year Economic and Fiscal Outlook (MYEFO), November 2020 Labour Force Survey (LFS) data for total employment, and the November 2020 detailed quarterly LFS data, can be found on the Labour Market Information Portal. Read our latest projections report, 2020 Employment Projections - for the five years to November 2025.