ONLY CHARTS #281

Aus market/non-market employment, Aus industry labour productivity, Aus multiple jobholders, Aus consumer spending

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1. According to the Labour Account, the number of filled jobs in Australia rose just +0.4% q/q in Q4, though this followed a +1.7% q/q increase in Q3.

Employment and hours worked both rose +0.7% q/q in Q4. The slower growth in filled jobs was because the share of multiple job holders increased (see below).

The non-market sector continued to contribute more than half of total jobs growth, but market sector jobs growth picked up over H2 2024.

Since Q1 2018, the non-market sector has contributed more to jobs growth than the market sector despite still accounting for just 30% of total jobs in Australia (at the start of 2018 the share was less than 26%).

2. Over the year, the large health care & social assistance industry contributed around half of total jobs growth in Australia.