Territory Stories

Budget Paper 1994-95 No.6 Northern Territory Economy



Budget Paper 1994-95 No.6 Northern Territory Economy

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Tabled Paper 2156


Tabled Papers for 6th Assembly 1990 - 1994; Tabled Papers; ParliamentNT




Tabled by Barry Coulter


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.




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Labour Market The Territory labour m arket was strong through m ost o f 1993 com pared to A ustralia. The unem ploym ent rate rem ained well below national averages even after a seasonal increase during the latter part o f the year. Participation rates rem ained high in the Territory, influenced by a relatively high partic ipa tion rate for fem ales. Employment Figure 3.1 graphs trend em ploym ent levels for A ustralia and the N orthern Territory and illustrates the relative volatility o f Territory em ploym ent estim ates. Em ploym ent levels in the Territory have been flat on average since 1990, however, it should be noted that labour force statistics specifically exclude m em bers o f the perm anent defence forces and therefore th is series does not include the grow ing level o f em ploym ent in defence force personnel. Territory em ploym ent levels can be expected to increase steadily through m id 1994 w ith the onset o f the Dry Season and increased tourism and construction activity. Figure 3.1 Employment Trends 000 million 9 Source: ABS Cat. No. 6202.0 * N T Treasury estim ate 1 5

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