Victoria Employment Trends
The unemployment rate in Victoria was 4.3% as of February 2024, down 0.2% from the previous month. The unemployment rate stood 6.8% below the peak from July 2020 and is below the long-run average.
There were 200 more full-time jobs in February 2024 compared to a month earlier. A loss of 300 part-time positions led to a decrease of 100 total jobs in February.
Full-time employment was still down 7,900 jobs from the peak in October 2023 but stood 200 jobs above the trough in January 2024.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.