Railways passenger transport employment in Australia experienced a fluctuating trend between 2013 and 2023, peaking at 3.3 thousand employees in 2018 before declining to 2.76 thousand in 2023. More recently, the employment figures have seen slight decreases, with a year-on-year variation of -0.5% in both 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at -3.52%, indicating a general downward trend.
Looking ahead, forecasts from 2024 onward suggest a continued slight decline in employment, with the CAGR for the next five years projected at -0.38% and an overall forecasted growth rate of -1.89% by 2028.
Future trends to watch for:
- The impact of technological advancements and automation on employment.
- Potential policy changes or investments in the rail sector.
- Economic factors that may influence rail travel demand.
