Victoria in 2025 – 400,000 worker shortage

It is now projected that by 2025, there will be a worker shortage of almost 400,000 in Victoria. The state faces the lowest unemployment rate in 50 years, coupled with increasing job vacancies and a shortage of skills.

Within 3 years, there will be 65,000 health and aged and disability care positions, 90,000 service sector positions, 41,000 teaching staff positions, 34,000 construction positions and 64,000 financial services and IT positions that are at risk of not being filled.

“Changing demographics are putting pressure on local services, while skills shortages can hamper local industry growth,” a report by Victoria’s new Skills Authority said.

Recent figures from the Bureau of Statistics show Victoria’s unemployment rate dropped to just 3.1% in July, which is the lowest since 1974. Victorian Chamber of Commerce and Industry chief executive Paul Guerra said the state was in a situation where it had more jobs available than people.

Premier Daniel Andrews is backing the move towards more long-term migration solutions.