Victoria

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The Victoria graphic shows 24% of jobs are regional. 13% of workers are aged 15 to 24 years. 17% of workers are self-employed.
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41% of workers hold a bachelor degree or higher. 28% of workers hold a certificate 3 or higher qualification. 5% of workers hold an other qualification. 26% of workers do not hold a post-school qualification.

 

Top employing industries in Victoria

  Employ’t May 2021 Share of total 5 year change to May 2021
Industries  '000 %  '000 %
Health Care and Social Assistance 478.3 14 71.7 17.6
Professional, Scientific and Technical Services 354.6 10 80.2 29.2
Retail Trade 348.6 10 11.3 3.4
Construction 318.1 9 43.3 15.8
Education and Training 296.3 9 59.1 24.9
Manufacturing 274.5 8 -5.7 -2.0
Accommodation and Food Services 222.2 6 7.3 3.4
Public Administration and Safety 202.1 6 55.5 37.8
Transport, Postal and Warehousing 164.4 5 4.7 2.9
Financial and Insurance Services 143.3 4 26.5 22.7
Other Services 131.2 4 22.8 21.0
Administrative and Support Services 107.9 3 -2.1 -1.9
Wholesale Trade 107.7 3 3.4 3.3
Arts and Recreation Services 83.9 2 15.4 22.4
Agriculture, Forestry and Fishing 76.8 2 -19.6 -20.3
Information Media and Telecommunications 61.2 2 3.1 5.4
Rental, Hiring and Real Estate Services 51.1 1 7.0 16.0
Electricity, Gas, Water and Waste Services 35.9 1 4.4 13.9
Mining 10.4 0 0.6 5.6

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 Employment Profile Educational
  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
Region '000 '000 % % % % % % % %
Greater Melbourne 2612.1 261.8 11.1 31 47 13 17 46 25 25
Ballarat 80.1 7.3 10 37 45 15 21 22 34 39
Bendigo 78.7 10.3 15 38 49 14 27 27 38 30
Geelong 162.3 32.6 25.1 37 48 14 21 33 35 27
Hume 93.6 4.4 5 37 48 9 30 29 40 25
Latrobe - Gippsland 125.1 5.9 4.9 39 47 14 31 17 45 33
North West 67.2 2.6 4.1 34 43 11 31 21 44 25
Shepparton 58.2 -6.8 -10.4 37 49 20 27 14 37 39
Warrnambool and South West 66.2 1.3 2 37 49 17 32 18 42 32
Victoria 3453.7 383.6 12.5 32 47 13 19 41 28 26
Australia 13125.1 1177.9 9.9 32 47 14 20 36 29 29

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.