Australia Becomes A Global Leader in Job Creation: Treasury Analysis

Staff pours drinks at a hotel pub in Perth, Australia, on Feb. 5, 2021. Stefan Gosatti/Getty Images

Australia’s job market outperformed other G7 countries in the latter half of 2022 despite facing an aggressive interest rate hike cycle and softening economic conditions.

A new Treasury analysis of the Australian Bureau of Statistics (ABS) workforce data reveals that 234,000 jobs were added to the Australian economy between May and November 2022, representing a 1.7 percent rise.