New jobs for old: Media, govt, tech sectors see highest labour market churn
May 3, 2023
What is labour market churn?
Labour market churn is when a single employer reports both separations and hiring of employees within a short period of time.
Credit: Canva
Media, entertainment, and sports
The media, entertainment, and sports industry has seen the highest churn at 32 percent over the last five years.
Credit: Canva
Government and public sector
The government and public sector are often considered safe but have a labour market churn of 29 percent.
Credit: Canva
IT and digital communications
IT and digital communications also reported a labour market churn of 29 percent over five years.
Credit: Canva
Real estate
Real estate saw a labour market churn of 27 percent in the last five years.
Credit: Canva
Financial services
Financial services were also impacted and saw a labour market churn of 26 percent.
Credit: Canva
Supply chain and transportation
The supply chain and transportation industry, severely impacted by Covid-19, saw a labour market churn of 25 percent.
Credit: Canva
Non-governmental and membership organisations
Non-governmental and membership organisations reported a labour market churn of 24 percent.
Credit: Canva
Education and training
The education and training industry reported a labour market churn of 23 percent.
Credit: Canva
Care, personal services, and wellbeing
The care, personal services and wellbeing sector witnessed a labour market churn of 23 percent over five years.
Credit: Canva
Agriculture and natural resources
The agriculture and natural resources industry also recorded a 23 percent labour market churn.
Credit: Canva