The market
What we're seeing in Australian employment
Unemployment rate
4.5%
Up from 4.2% a year earlier
The labour market has softened, but unemployment remains relatively low.
People employed
14.81m
1.3% higher than a year earlier
Despite a slight fall in July, employment is above where it sat a year ago.
Online job ads
212,200
Up 2.7% in July
Job ads remain around 25% above the 2019 average.
Wage growth (annual)
3.2%
Down from 3.4% a year earlier
Wage growth has moderated, easing cost pressures.
Job mobility rate
7.2%
Down from 9.6% in 2023
Australians are changing employers less often.
Reference periods: employment, unemployment and online job advertisements, July 2026; annual wage growth, June quarter 2026; job mobility, year to February 2026. Sources: ABS Labour Force, ABS Wage Price Index, ABS Job Mobility, Jobs and Skills Australia IVI.
Careerbase take: employers are still hiring, but lower job mobility and higher unemployment point to a more cautious environment for people considering a move. At the same time, significant demand remains for particular skills and occupations.

