Top employing industries in Victoria
Victoria is the second largest employing state, with the majority of jobs located in Melbourne. While Victorians are employed across all industries, around one in four work in either Health Care and Social Assistance or Retail Trade.
Around 74% of Victorian workers have post-school qualifications, with a relatively large share holding a bachelor degree or higher. Workers in Melbourne are more likely to hold a bachelor degree or higher qualification than those in regional Victoria, where a certificate III or higher VET qualification is relatively more common.
Part-time work accounts for around a third of the state’s total employment. Workers in both Latrobe - Gippsland and Bendigo are the most likely to be employed in this manner (39% and 38%). A full breakdown of part-time work across the state is available in the table below.
The size and diversity of the Victorian labour market means employment opportunities continue to exist across all industries. Employers need workers who are resilient, proactive and capable and, if you are able to demonstrate these attributes, you will stand out from the crowd. Digital skills are also important, with continued enhancements in technology affecting jobs and society more broadly.
The impact of COVID-19 on the Victoria labour market
Following the onset of COVID-19, and against the backdrop of an extended lockdown and trading restrictions in the state over much of the second half of 2020, employment in Victoria fell sharply between March 2020 and the trough in the labour market in September 2020 (down by 238,600 or 6.9%).
Moreover, between March and September 2020, 196,700 people left the labour force in the state, pushing the participation rate down, from 66.3% in March 2020, to 62.8% in September 2020, the lowest rate recorded in Victoria since November 2003. In addition, the unemployment rate rose sharply, from 5.2% in March 2020, to a peak of 7.3% in October 2020.
Since the trough in September 2020, employment in Victoria has rebounded strongly, increasing by 259,300 (or 8.1%) and is now 20,700 (or 0.6%) above its pre-pandemic level as at July 2021. Moreover, the participation rate in the state increased to 66.5% in July 2021, while the unemployment rate stood at 4.5%, below the 5.2% recorded in March 2020.
While there has been strong growth in recruitment activity in Victoria, with job advertisements 1.4 times higher than their pre-pandemic level, the recent outbreak of COVID-19 cases in the state, and subsequent lockdown, is likely to dampen labour market activity in the coming months. That said, a considerable degree of uncertainty remains around the outlook, particularly with respect to COVID-19 and associated restrictions.
Employment by region, Victoria
|Employment May 2021||5 year change to May 2021||Part-time||Female||Aged 15 to 24 years||Aged 55 years or older||Bachelor degree or higher||Cert III or higher VET qual||No post-school qual|
|Latrobe - Gippsland||125.1||5.9||4.9||39||47||14||31||17||45||33|
|Warrnambool and South West||66.2||1.3||2||37||49||17||32||18||42||32|
Sources: ABS, Labour Force (seasonally adjusted and annual averages of original data); ABS, Characteristics of Employment; ABS, Education and Work; National Skills Commission, Internet Vacancy Index.