Australia may soon have to open its doors to talent from abroad — of which India contributes a big chunk

• Australia reported its unemployment rate to be 5.1% in May 2021, according to Australian Bureau of Statistics.
• When the country reopens post the pandemic, the companies will be on a hiring spree, thus creating over 2,88,700 jobs.
• Nearly 3,00,000 migrant workers moved out of the country due to the Covid-19 situation, which had a huge impact on the job market.

Australia, which is considered as one of the best places to work in the world, reported its unemployment rate to be 5.1% in May 2021, according to Australian Bureau of Statistics (ABS). The number of employed workers has jumped by 1,15,000, which is higher than the pre-pandemic level. Economists at ANZ Bank predict that the unemployment rate could further fall to 4.8% by the end of this year.

As and when the country reopens post the pandemic, the companies will be on a hiring spree, thus creating over 2,88,700 jobs, an increase of 13.7% from November 2020, which can certainly benefit Indians who are looking forward to migrating to Australia. ABS also reveals that Indians (7,21,000) are the biggest chunk of migrants in Australia after the British and account for 2.8% of the population.

Nearly 3,00,000 migrant workers moved out of the country due to Covid situation, which had a huge impact on the job market. Foreign workers made up 4% of the total workforce earlier, but now it is 1.8% and is expected to fall further. The booming economy has, no doubt, produced more job opportunities with a shortfall in workers.

Net immigration typically adds around 2,00,000 people to Australia’s population each year. With borders being strictly closed for migrants due to the pandemic, it has forced companies to hire Australian workers in their absence. This has also led to reduction of unemployment much more quickly than predicted.

In May 2020, businesses reported a 6.5% vacancy, but in February 2021, it increased to 18.1%. Tech sector in the country is already facing a crunch in hiring developers and engineers. Even low-skilled positions in the agricultural sector are facing a major shortfall of workers as Australians don’t prefer engaging in these jobs.


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