University graduate jobs market down 20 per cent

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Australia’s graduate job market has been red-hot, but there are early signs that the number of roles has started to wane.

Already a subscriber?The red-hot jobs market for recent university graduates has started to go off the boil, but the number of available positions is still markedly higher than before the pandemic., with salaries breaking historical records, new data reveals job volumes are high, but tracking 20 per cent lower in early 2024 than for the same time last year.Eamon Gallagher

The softening of the jobs market for graduates probably reflects the more challenging economic circumstances that businesses find themselves in.“The graduate hiring market is unique in the sense that businesses are making hiring choices for roles that won’t be filled for many months and up to a year,” Mr Pickering said.

An international student from Vietnam, Ms Vu, 21, has applied for more than 100 jobs over the past few months.

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