The unemployment rate has fallen to 3.4 per cent – according to the ABS, down from 3.5 per cent, with the number of Australians employed increasing from 13.58 million to 13.61 million. What are the effects on the job market?

With inflation sitting at a 30-year high and the Reserve Bank delivering its seventh interest rate rise this year in November, workers should be demanding a wage rise from January 1, 2023, to avoid a plunge in their real wage next year as living costs soar.

Kris Grant, CEO of ASPL, has written an article in the Dynamic Business’s discussing the five key job trends to emerge in 2023, which has come off the back of job vacancies expanding substantially and unemployment going low as three percent.