The annual February mobility survey published by the Bureau of Statistics in May shows an increase in the proportion of workers switching jobs, from a record low of 7.5% to 9.5%. Although this demonstrates a slight increase, these figures are low compared to historical job mobility levels with nearly one in five Australian workers changing jobs in a year at one point in the late 1980s.
Today however, there are more job vacancies than ever before in Australia with 423,500 unfilled jobs in February, and 563,300 unemployed. This equates to 1.3 unemployed people chasing each vacant job, the lowest ratio on record. Could this mean that the recent increase in workers switching jobs will continue?