The jobs market may have surpassed its tightest point, but official data is expected to reveal plenty of heat left in it.
The Australian Bureau of Statistics is due to release the February labour force report on Thursday.
The January report was weaker than projected, with 11,500 jobs lost from the economy, and the unemployment rate rising to 3.7 per cent.
While the jobs market is showing signs of moderating from historic low levels of unemployment, seasonal factors played a role in the weak January result, and some economists are predicting a recovery in employment for February.
But forward-looking indicators, such as job vacancies and advertisement data, are pointing to a slowdown in employment, St George economists wrote in an analysis.
"Moreover, a rapid recovery in net overseas migration is improving the supply of labour," St George chief economist Besa Deda said.
She said the jobs data would be central to the Reserve Bank's April cash rate decision.
Ms Deda also said signs of financial instability in the US and now Europe would be putting more pressure on central banks to take the accelerator off rate hikes.
"Our own central bank, the Reserve Bank, is also increasingly unlikely to hike when it meets next month amid this backdrop and broader evidence of slowing in the economy," she said.
A new report has highlighted broader trends in the nation's job market, including the top jobs for Australian workers in the past 20 years.
The SEEK report shows sales assistant has remained the top occupation since 2001.
Registered nurse, general clerk, aged and disabled carer and retail manager rounded out the top five occupations in 2021, with aged-care worker a relatively new addition to the top rankings.
As well as the rise in service-based roles, the SEEK report also charted the evolution in technology occupations.
"Ten years ago, jobs in ICT were the most in-demand according to SEEK's job ad volume," the report said.
"But the shift away from traditional tech roles, plus the permeation of technology into other industries across the board, saw the ICT industry drop to fifth by 2022."
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