Victoria

This image shows that there were 3,339,200 people employed in Victoria as at November 2018, up 15.9% since November 2013. Employment is projected to grow by 8.3% over the five years to May 2023.
23% of jobs are regional. 15% of workers are aged 15 to 24 years. 18% of workers are self-employed. 35% of workers hold a bachelor degree or higher. 31% of workers hold a certificate 3 or higher qualification. 3% of workers hold an other qualification. 31% of workers do not hold a post-school qualification.

Victoria is the second largest employing state, with the majority of jobs located in Melbourne. Over the past five years, Victoria had the strongest employment growth in Australia (up by 15.9%). Over this period, significant numbers of jobs were created in 

  • Health Care and Social Assistance (up by 82,300) 
  • Construction (70,400). 

Around 69% of Victorian workers have post school qualifications, with a relatively large share holding a bachelor degree or higher. Workers in Melbourne are more likely to hold a bachelor degree or higher qualification, but less likely to have a certificate  III or higher vocational qualification, than those in regional Victoria. 

Victorian workers are more likely to be self-employed than those in any other state or territory (18% of the state workforce). 

Current conditions (to January 2019) 

Labour market conditions have strengthened in Victoria over the year, with employment increasing by 114,200 (or 3.5%). Full-time employment has risen strongly, up by 98,500 (or 4.5%) over the year, while part-time employment has also increased, up  by 15,800 (or 1.5%). 

The state’s unemployment rate decreased by 1.0 percentage point over the year to 4.5% in January 2019, below the national rate of 5.0%. The participation rate rose by 0.1 percentage points over the year to 66.0%, above the national rate of 65.7%. 

Conditions for youth in Victoria have improved over the year, with youth employment rising by 14,900 (or 3.1%). The youth unemployment rate has fallen by 2.0 percentage points over the year to 11.2% in January 2019, the lowest rate recorded since  October 2009 and below the national rate (of 11.5%). 

Outlook 

The short-term outlook for the Victorian economy is positive. The Victorian Department of Treasury and Finance has forecast employment growth of 2.0% in 2019-20, while the unemployment rate is expected to average 5.0% over the period. Over the  five years to May 2023, employment in Victoria is projected to increase by 8.3% (well above national projected growth of 7.1%).

Top employing industries

Top employing industries
Employ’t Nov 2018  Share of total 5 year change to Nov 2018
Industries  '000 %  '000 %
Health Care and Social Assistance 441.0 13 82.3 23.0
Retail Trade 346.4 10 31.2 9.9
Construction 313.2 9 70.4 29.0
Professional, Scientific and Technical Services 300.4 9 40.1 15.4
Manufacturing 285.5 9 5.4 1.9
Education and Training 271.0 8 39.0 16.8
Accommodation and Food Services 219.7 7 30.7 16.2
Public Administration and Safety 179.4 5 35.3 24.5
Transport, Postal and Warehousing 172.4 5 31.1 22.0
Other Services 125.8 4 17.1 15.7
Financial and Insurance Services 123.0 4 6.5 5.6
Administrative and Support Services 110.9 3 13.6 14.0
Wholesale Trade 110.6 3 -5.1 -4.4
Agriculture, Forestry and Fishing 87.1 3 1.7 2.0
Arts and Recreation Services 73.5 2 17.9 32.3
Information Media and Telecommunications 68.3 2 13.3 24.3
Rental, Hiring and Real Estate Services 50.8 2 10.9 27.4
Electricity, Gas, Water and Waste Services 40.4 1 5.1 14.5
Mining 13.6 0 -0.5 -3.7

Employment by region, Victoria

Employment by region, Victoria
Employment Employment Profile Workforce Educational Profile Projected Employment
Employ’t Nov 2018  5 year change
to Nov 2018
Part-time Female Aged 15 to 24 years Aged 55 years or older Bachelor degree or higher Cert III or higher VET qual No post-school qual 5 year change to May 2023
Region ‘000 ‘000 % % % % % % % % %
Greater Melbourne 2,573.3 354.0 16.0 32 46 15 16 38 29 30 9.1
Ballarat 74.4 0.6 0.9 36 47 17 28 22 39 32 6.1
Bendigo 75.0 5.3 7.6 35 47 12 26 27 37 29 7.7
Geelong 139.5 16.5 13.4 33 48 15 21 32 37 25 6.0
Hume 82.8 5.4 7.0 34 48 15 27 21 41 36 6.8
Latrobe - Gippsland 129.1 11.3 9.6 38 46 16 24 21 43 35 3.8
North West 76.0 6.1 8.7 31 45 12 26 20 31 37 7.1
Shepparton 64.8 5.2 8.7 33 49 13 28 12 43 38 2.8
Warrnambool and South West 66.0 2.7 4.2 38 46 17 30 17 38 29 6.6
Victoria1 3,339.2 458.0 15.9 32 46 15 18 35 31 31 8.3
Australia 12,694.8 1,242.5 10.8 32 47 15 19 32 31 32 7.1

1. Some data are trend and, for these, totals do not add

Sources: ABS, Labour Force (trend and annual averages of original data); ABS, Education and Work; Department of Jobs and Small Business, Employment Projections; Department of Treasury and Finance, Victoria

For more information see lmip.gov.au