Territory Stories

Budget Paper No.6 1997/98 Northern Territory Economy



Budget Paper No.6 1997/98 Northern Territory Economy

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Tabled Paper 3223


Tabled Papers for 7th Assembly 1994 - 1997; Tabled papers; ParliamentNT




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Labour Market The Territory labour market performed strongly during 1996-97 with significant employment growth and a further decline in the Territorys low unemployment rate. The Territory continues to have a higher than average participation and the lowest unemployment rate of any State or Territory. Nationally, employment growth eased during 1996-97 from the relatively high rate of growth experienced over the past three years. Growth in employment was less than the rate of increase in the labour force and as a result, the national unemployment rate increased for the first time since 1992-93. Employment In 1996-97 employment in the Territory increased 2.5%, following a marginal increase of 0.2% in the previous year. This increase was the net result of a moderate increase in full-time employment (up 0.6%) and strong growth in part-time employment (up 9.6%). The continuing expansion of a number of industries in the Territory such as tourism, mining and transportation industries, together with the substantial tourist accommodation developments, were the major 65 70 75 80 85 86-87 87-88 88-89 89-90 90-91 91-92 92-93 93-94 94-95 95-96 96-97* 7.0 7.5 8.0 8.5 '000 million Source: ABS Cat. No. 6202.0 * NT Treasury estimate Australia (Right scale) Northern Territory (Left scale) EmploymentFigure 5.1 27

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