A snapshot in time: The Australian labour market and COVID-19

The National Skills Commission’s first public report explores the impact COVID-19 has had on Australia’s labour market and how the work of the NSC will support the recovery.

The report captures a point-in-time analysis of the state of the labour market in relation to COVID-19, and highlights how its work will support Australia through the recovery period. The NSC found that while there was a significant decline in employment, which rose to 7.1% in May 2020, there are some signs of early stabilisation with data showing an increase in the number of employers looking to hire, or re-hire, workers. By building a better understanding what is happening in the labour market, the structural shifts that will occur and the skilling and re-training needed to get people into jobs, the NSC is helping people get back into work.

We will continue to publish reports and data that outline the likely skills needs of the economy as it recovers from the impacts COVID-19. Subscribe for updates.