[adning id=”12070″]

[adning id=”12070″]

Half of SMEs urge immigration caps to be lifted to ease hiring woes

The seasonally adjusted unemployment rate for April 2022 was 3.9%, according to data released today by the Australian Bureau of Statistics (ABS).

Bjorn Jarvis, head of labour statistics at the ABS, said 3.9% is the lowest the unemployment rate has been in the monthly survey. The last time the unemployment rate was lower than this was in August 1974, when the survey was quarterly.

“In April, we saw employment rise by 4,000 people and unemployment fall by 11,000 people. As a result, the unemployment rate decreased slightly in April, though remained level, in rounded terms, with the revised March rate of 3.9%,” he said.

The participation rate also decreased in April, down by 0.1 points to 66.3%, but remained close to the historical highs in February and March.

The result comes as fresh findings from research firm ACA show just how challenging recruitment has become for SMEs.


The report found 58% of SMEs reported supply chain issues and 45% staff or skills shortages, despite many anticipating a stronger economy in the next quarter.

ACA research and Fifth Quadrant managing director James Organ said confidence regarding economic conditions had bounced off lows but SMEs were struggling with hiring staff and managing supply chains.

“More than 33% of SMEs are expecting a stronger Australian economy over the next three months, compared to only 20% last month,” he said.

“However, growth aspirations are being impacted as more than 58% of SMEs report supply chain issues and 45% staff and/or skills shortages.

“Staff shortages and supply chain issues are broad-based but the larger the organisation the greater the impact.”

Mr Organ said around 28% of small businesses were currently recruiting and competition for talent remained fierce, with 85% of SMEs finding it difficult to fill roles.

“To ease recruitment challenges, more than half of SME decision-makers believed migrant worker quotas should be increased.”


Leave a Reply

Your email address will not be published. Required fields are marked *


Get breaking news delivered
This field is for validation purposes and should be left unchanged.


Austrade Approved Business Events
AVAILABLE NOW APPLY BEFORE 30th MARCH 2021 (Condition apply)

  • ABF Events are approved and listed below have been certified by Austrade on the Schedule of Approved Business Events.
  • This allows exhibitors, sponsors, delegates and partners to participate in the Business Events Grant Program. Note event bookings need to be confirmed ASAP to participate in the grant program
  • The program provides 50% rebate (based on a minimum spend of $20k) for approved items including ABF event-media packages, exhibition stands, corporate function tables, delegate registrations.
  • Govt Grant applications are now open until the 30 March. Please contact ABF to discuss how we can assist, we have experts to assist grant applications.
  • Grant funding will cover up to 50% of eligible expenditure incurred in participating at pre-approved business-to-business events as buyers or sellers during the 2021 calendar year.  All grant applications must be submitted for approval via the following link: https://business.gov.au/grants-and-programs/business-events-grants
  • For further information please see this fact sheet.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?