Budget Paper 1994-95 No.6 Northern Territory Economy
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.
Labour Market Figure 3.3 shows the change in Territory and national em ploym ent levels since December 1990. Movements above the zero line re p re se n t an in c re ase in employment relative to December 1990, and vice versa . It is apparen t from Figure 3.3 that the present employment growth in the national labour m arket reflects the turnaround in other areas of the economy, with growth coming from a low base fo llow ing em ploym ent loss during the recession. Conversely, the T e rrito ry lab o u r m ark e t rem a in ed relatively strong throughout the national recession and did not suffer the protracted period o f employment loss experienced at the national level. Employment by industry data in Table 3.1 show a number o f significant differences between the Territory and Australia in the proportion o f people employed in each sector. R ecreation and Tourism , and P ub lic A d m in is tra tio n and D efence account for proportionately more people em p loyed in the T e rrito ry , w h ile m a n u fa c tu r in g a c co u n te d fo r a s ig n if ic a n tly sm a lle r p ro p o rtio n o f Territory employment. Unemployment The average unemployment rate in the Territory for the twelve months to March 1994 was 7.5% , a decline from 7.9% recorded a year earlier. National data also show a slight decline from 10.9% to 10.8%. Figure 3.3 Employment (change since D ecem ber 1990) Source: ABS Cat. No. 6202.0 Table 3.1 Employed Wage and Salary Earners NT Aust Industry % % Community Services 28.1 23.7 W holesale & Retail 16.6 20.4 Recreation & Tourism 11.4 7.7 Public Admin. & Defence 10.8 5.8 Finance 10.3 13.0 Construction 8.7 4.5 Transport & Communications 5.1 6.4 M ining 3.7 1.2 M anufacturing 3.6 15.4 U tilities 1.7 1.6 Source: ABS Cat. No. 6248.0