Record number of Aussies changing jobs

Record number of Aussies changing jobs

New figures have revealed why Australians are nonetheless completely happy to alter employers, with job mobility charges nonetheless at their highest file in a decade.

The Australian Bureau of Statistics (ABS) on Friday launched their Participation, Job Search and Mobility report, masking the 12 months to February.

The mobility price stays at 9.5 per cent for the second yr in a row — its highest stage since 2012.

ABS EMPLOYMENT
Camera IconThe newest ABS report exhibits job mobility – staff altering employers or companies – stays at a decade-high for the second yr in a row. NCA NewsWire / Tertius Pickard Credit: News Corp Australia

ABS head of labour statistics Bjorn Jarvis says 1.3m employed folks modified their employer or business within the report interval.

“This was the same as the year ending February 2022, meaning job mobility remained at its highest rate in a decade,” he mentioned.

“Job mobility in Australia has generally been trending down for decades and reached a record low of 7.5 per cent during the first year of the Covid-19 pandemic.

abs job mobility and participation graph
Camera IconThe ABS data showing the job mobility rate broken down by gender. Credit: Supplied

“While the 2023 figure might be higher, and is in fact the highest it’s been since the early 2010s, it’s still relatively low compared to earlier decades.”

Mobility additionally remained excessive for each women and men — 9.7 per cent of males altering jobs, in comparison with 9.4 per cent of girls.

14.9 per cent of staff aged 15 to 24 swapped jobs, displaying youthful staff had been extra more likely to make a change in comparison with 5.9 per cent of 45 to 64-year-olds.

abs job mobility and participation graph
Camera IconThis graph exhibits youthful staff usually tend to change jobs in comparison with their older colleagues. Credit: Supplied

Job mobility throughout all eight occupation teams remained excessive, with labourers main the cost with a 1.6 share level improve.

“Over the year, 37 per cent of people changed to a job with the same usual hours, while 33 per cent changed to a job with more hours, and only 30 per cent changed to a job with fewer hours,” Mr Jarvis mentioned.

In February there have been 1.8m individuals who weren’t working however wished to work.

Of the 510,000 individuals who had been unemployed in February 2023, 82 per cent reported having problem discovering work — down from 84 per cent in February 2022.

The predominant difficulties reported by these unemployed had been their very own well being or incapacity.

Source: www.perthnow.com.au