Job market still tight outside Sydney and Melbourne

Leith van Onselen

Tuesday 18 November 2025

Australia’s labour market has been gradually softening over the past year.

This softening is evident in the gradual rise in Australia’s unemployment rate:

As illustrated below by AMP chief economist Shane Oliver, the various measures of job openings have also weakened:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.