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The non-market sector, which comprises primarily government-funded jobs in the public service, healthcare, social assistance, and education industries, has accounted for 67% of the growth in filled jobs since the first quarter of 2023.
Chart by Alex Joiner at IFM Investors
This came despite the non-market sector comprising less than one-third of the total jobs in the economy:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.