Australia’s Labour Market Update: January 2025 ALMM Report
immigrationhotspot
in Australia Immigration News, Australian Migration Strategy & Policy, Skilled Migration News, Student Visa Extension I Student Visa Renewal, Study in Australia
The January 2025 Australian Labour Market for Migrants (ALMM) report provides a comprehensive analysis of employment trends in Australia over the past year. While the labour market remains steady, some industries show signs of slowing down.
Employment Trends Across Industries
Employment growth and declines have varied across different sectors from November 2023 to November 2024.
Sectors with Employment Growth
- Health Care and Social Assistance saw the most significant rise, adding 70,200 jobs.
- Education and Training expanded by 54,900 positions.
- Accommodation and Food Services increased by 42,700 jobs.
Sectors with Employment Declines
- Manufacturing recorded a decrease of 16,400 jobs.
- Financial and Insurance Services saw a reduction of 7,800 roles.
- Professional, Scientific, and Technical Services experienced a decline of 7,200 positions.
Industry Growth Rates
Looking at percentage growth rates, certain sectors have shown notable expansion:
- Electricity, Gas, Water, and Waste Services saw the highest growth at 8%.
- Rental, Hiring, and Real Estate Services followed with a 6.1% increase.
- Accommodation and Food Services and Education and Training both grew by just over 4%.
Engineers in Demand
The ALMM report highlights the increasing demand for engineers, covering:
- Key engineering roles and their employment outlook.
- Emerging specialisations and new opportunities in the field.
- Skill assessment and registration procedures for engineers seeking employment in Australia.
Supporting Migrants and Employers
The ALMM report is a valuable resource for individuals considering work opportunities in Australia, as well as businesses and organisations involved in migration services. It includes insights on employment trends by region and industry, along with the distribution of occupations across states and territories.
For an in-depth understanding of the Australian labour market and its opportunities, access the full ALMM report here.
In a Nutshell:
The January 2025 ALMM report highlights Australia’s labour market trends, noting growth in healthcare, education, and hospitality, while manufacturing and finance saw declines. Engineers remain in high demand, with insights on job prospects and skill requirements. The report is a key resource for migrants and employers.
