Territory Stories

Budget Paper No5 Northern Territory Economy 1998/99

Details:

Title

Budget Paper No5 Northern Territory Economy 1998/99

Other title

Tabled Paper 382

Collection

Tabled papers for 8th Assembly 1997 - 2001; Tabled papers; ParliamentNT

Date

1998-04-28

Description

Tabled by Michael Reed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/295415

Citation address

https://hdl.handle.net/10070/395002

Page content

retail developments at Casuarina and Palmerston. Mining production, and Public Administration and Defence continue to account for proportionately more people employed in the Territory than nationally. In contrast, Manufacturing accounts for a significantly smaller proportion of Territory employment. UNEMPLOYMENT The Territory's unemployment rate for 1997-98 decreased from the previous fiscal year to 4.9%, compounding a significant decline in the previous year. The national unemployment rate fell slightly from 8.7% to 8.5% over the same period. The Territory continues to have the lowest unemployment rate of any jurisdiction, and a rate well below the national average for the past seven years. Unemployment rates in the Territory for the year to February 1998 averaged 5.2% for males and 4.9% for females. Nationally, unemployment rates for males and females were 8.7% and 8.2% respectively. LABOUR FORCE In 1997-98, the Territory labour force increased 1.7% to 90 000 persons, following a similar increase of 1.4% in 1996-97. Nationally, the labour force is estimated to have increased by 0.7% after an increase of 1.3% the previous year. The size of the labour force at the national level has been increasing very rapidly each year since 1993-94 after a period of slow growth during the recession. However, the rate of growth is slowing towards a more sustainable level. Labour force participation rates are typically higher in the Territory than elsewhere in Australia. This reflects the larger proportion of working age persons in the Territory population, higher female involvement in the labour force and the better availability of jobs. The average 27 Labour Market 0 2 4 6 8 10 12 91-92 91-93 93-94 94-95 95-96 96-97 97-98e Northern Territory Australia % Figure 5.3 UNEMPLOYMENT RATES (Annual average) Source: ABS Cat. No. 6202.0 e: Treasury estimate 0 10 20 30 40 50 60 70 80 90 91-92 92-93 93-94 94-95 95-96 96-97 97-98e Unemployed Part-time employed Full-time employed '000 Figure 5.4 LABOUR FORCE (Annual average) Source: ABS Cat. No. 6202.0 e: Treasury estimate


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