Finance, tech lay-offs won’t dent voracious local jobs market

But despite the wave of forced exits, there has rarely been a better time to find a new job, with Australia’s already tight labour market expected to keep demand for workers strong even as the economy slows.

“[Locally] there are still 444,000 vacant jobs across a really broad range of industries,” and recent job losses were unlikely to be substantial enough to hit the 48-year low 3.4 per cent unemployment rate, she added. Similarly, the government’s preliminary internet vacancy index released on Friday showed a 0.3 per cent pullback in December, though it remains well elevated above the trend over the past decade.

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