No. 3 - Department of Treasury - The Western Australian Government

More documents

Recommendations

Info

Western Australian Economic Summary2006 No.3Table 7TRENDUNEMPLOYMENTRATESNovember 2006NSW 5.2%Vic 4.6%Qld 4.2%SA 4.9%WA 3.4%Tas 6.3%NT 4.6%ACT 5.2%Aus 4.6%Source: ABS Cat. 6202.0Employment growth has been fastest in those sectors enjoying stronggrowth in output and economic activity (see page 4 for a discussion ofoutput by industry), most notably construction and mining (see page 28).UnemploymentWestern Australia’s seasonally adjusted unemployment rate fluctuatedbetween 3.1% and 3.7% in the second half of 2006, with the less volatile trendrate stable 3.4% between August and November. Strong labour demand hashelped to maintain Western Australia’s trend unemployment rate at itslowest level since the mid 1970s.Western Australia’s unemployment rate is the lowest of the states and it isthe only state to record unemployment rates consistently below 4%.The trend number of unemployed people in Western Australia fell to 37,900in November, the lowest level since August 1981.ParticipationTable 6TRENDPARTICIPATIONRATESNovember 2006NSW 63.2%Vic 64.4%Qld 67.1%SA 63.0%WA 67.3%Tas 60.1%NT 69.1%ACT 74.7%Aus 64.8%Source: ABS Cat. 6202.0The extent to which strong labour demand has drawn people into theWestern Australia labour market is reflected in the State’s high participationrate 1 as well as its low unemployment rate. Although Western Australia’strend participation rate has drifted down a little from its record high of68.1%in mid-2005, it remains higher than at any time prior to 2005, at 67.3%in November 2006.Western Australia typically has a higher participation rate than the otherStates (though not the two Territories), reflecting its comparatively youngdemographic profile (with a large proportion of the population of workingage) as well as relatively strong labour demand.Labour Market SegmentsGender and Employment TypeThe 1.9% trend increase in Western Australia’s employment in the year toNovember was driven entirely by a 3.3 rise in full-time employment, aspart-time employment decreased by 1.5% through the year. Nationalfull-time employment growth has also been faster than part-timeemployment growth, although the difference was less marked, at 2.8%compared to 2.0% in the year to November.Western Australia’s male employment growth was a little faster than femaleemployment in the year to November (2.1% compared to 1.5%), in contrastwith the national trend for female time employment to grow more rapidlythan male (2.8% compared to 2.5%).1 The participation rate is the percentage of the adult population that is active in thelabour force. The labour force is people willing and available able to work, comprisingboth the employed and the unemployed.26 Department of Treasury and Finance
2006 No.3 Western Australian Economic SummaryMore recently Western Australian full time employment growth has slowedmarkedly, growing at an annualised 1 rate of 1.0% in the three months toNovember and just 0.2% between October and November. This is mainlydue to rapid growth in male part-time employment, as the number of femalepart timers has trended downwards in the past three months.Total female employment has been flat in trend terms in the past threemonths, while male employment growth remains positive, although it hasdecelerated (Table 8).Table 8EMPLOYMENT BY TYPE AND GENDERTrend Series, Annualised ChangesLevelAnnualised % Change Over000s 1 Month 3 Months 1 Year 2 Years 5 Years 10 YearsNov 06 Oct 06 Aug 06 Nov 05 Nov 04 Nov 01 Nov 96AustraliaMalesFull-time 4,793.9 0.4% 0.9% 1.7% 2.1% 1.9% 1.3%Part-time 864.2 5.9% 6.9% 6.9% 3.0% 3.7% 4.5%Total 5,658.1 1.2% 1.8% 2.5% 2.2% 2.2% 1.7%FemalesFull-time 2,554.9 2.6% 3.5% 5.0% 3.0% 2.8% 2.1%Part-time 2,076.3 -2.1% -1.2% 0.1% 2.5% 2.6% 2.9%Total 4,631.3 0.5% 1.3% 2.8% 2.8% 2.7% 2.5%PersonsFull-time 7,348.9 1.2% 1.8% 2.8% 2.4% 2.2% 1.6%Part-time 2,940.6 0.2% 1.1% 2.0% 2.6% 2.9% 3.3%Total 10,289.4 0.9% 1.6% 2.6% 2.5% 2.4% 2.1%Western AustraliaMalesFull-time 524.5 0.5% 1.6% 3.5% 4.4% 3.2% 2.0%Part-time 80.9 4.6% 1.5% -5.9% -1.1% 2.0% 3.9%Total 605.4 1.0% 1.6% 2.1% 3.6% 3.0% 2.2%FemalesFull-time 243.2 0.0% 0.0% 2.8% 3.4% 3.6% 2.2%Part-time 226.9 -0.5% -0.2% 0.1% 3.0% 2.2% 3.0%Total 470.1 -0.3% -0.1% 1.5% 3.2% 2.9% 2.6%PersonsFull-time 767.6 0.2% 1.0% 3.3% 4.1% 3.3% 2.1%Part-time 307.9 1.2% 0.4% -1.5% 1.9% 2.1% 3.2%Total 1,075.5 0.4% 0.9% 1.9% 3.4% 2.9% 2.4%Source: ABS Cat. 6202.01 Annualised growth rates show the growth in employment that would occur if the rateof growth in a particular period was sustained for a single year. It allows for easycomparisons of growth rates over periods of less than and more than a year, as inthe Table above.Department of Treasury and Finance 27
Page 1 and 2: Western AustralianECONOMIC SUMMARY2
Page 3: Table of ContentsOverview .........
Page 6 and 7: Western Australian Economic Summary
Page 80 and 81:
Western Australian Economic Summary
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
show all

No. 3 - Department of Treasury - The Western Australian Government

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?