Territory Stories

Budget papers 2008 - 2009



Budget papers 2008 - 2009

Other title

2008/09 Budget paper


Northern Territory. Department of Treasury


Northern Territory budget papers; Reports; PublicationNT




Made available via the Publications (Legal Deposit) Act 2004 (NT).




Appropriations and expenditures; Periodicals; Budget; Finance, Public

Publisher name

Northern Territory Government

Place of publication




File type



Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government



Parent handle


Citation address


Related items

https://hdl.handle.net/10070/591610; https://hdl.handle.net/10070/591616; https://hdl.handle.net/10070/591612; https://hdl.handle.net/10070/591602; https://hdl.handle.net/10070/591605; https://hdl.handle.net/10070/591607; https://hdl.handle.net/10070/591608

Page content

5Economy Overview Labour Market The Northern Territory labour market continues to remain strong in 2007-08 as buoyant onshore economic conditions prevail. Labour market statistics and related indicators point to solid employment growth and a shortage of skilled labour in 2007-08. Following an increase of 5.3 per cent in 2006-07, as reported by the Australian Bureau of Statistics (ABS), resident employment is estimated to increase by 4.8 per cent in 2007-08. Resident employment growth of 2.5 per cent is forecast for 2008-09, in line with a general easing of growth in state final demand in the Territory. ABS-reported employment data does not include defence personnel or fly-in fly-out (FIFO) workers and as such it should be considered only generally indicative of the actual level of employment in the Territory. Even more importantly, ABS employment data for the Territory is subject to very high levels of volatility due to small sample sizes and large relative standard errors for the Territory, and must be interpreted and considered in conjunction with a range of other economic indicators. e: estimate Source: Northern Territory Treasury, ABS Cat. Nos 5206.0, 6202.0 Territory Economic and Employment Growth (year-on-year) -10 -5 0 5 10 15 00 01 02 03 04 05 06 07 08e % State final demand Employment Year ended June Gross state product

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