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