Territory Stories

Budget papers 2007 - 2008

Details:

Title

Budget papers 2007 - 2008

Other title

2007/08 Budget paper

Creator

Northern Territory. Department of Treasury

Collection

Northern Territory budget papers; Reports; PublicationNT

Date

2007-05-01

Notes

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

Language

English

Subject

Appropriations and expenditures; Periodicals; Budget; Finance, Public

Publisher name

Northern Territory Government

Place of publication

Darwin

Volume

2007/08

File type

application/pdf

Use

Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government

License

https://creativecommons.org/licenses/by/4.0/

Parent handle

https://hdl.handle.net/10070/244905

Citation address

https://hdl.handle.net/10070/591630

Related items

https://hdl.handle.net/10070/591624; https://hdl.handle.net/10070/591625; https://hdl.handle.net/10070/591628; https://hdl.handle.net/10070/591632; https://hdl.handle.net/10070/591634; https://hdl.handle.net/10070/591619; https://hdl.handle.net/10070/591621; https://hdl.handle.net/10070/591623

Page content

Northern Territory 007-08 budget Labour Market The Territory labour market continues to strengthen in 2006-07 as buoyant onshore economic conditions prevail. Labour market statistics and related indicators point to strong employment growth and a shortage of skilled labour in 2006-07, which is expected to continue into 2007-08. Following an increase of 4.0 per cent in 2005-06, as reported by the Australian Bureau of Statistics (ABS), resident employment is expected to increase by 4.4 per cent in 2006-07. Resident employment growth of 2.3 per cent is forecast for 2007-08, supported by ongoing construction work on the Darwin Waterfront Development, residential construction and engineering projects such as the condensate processing facility and the Blacktip gas pipeline. ABS-reported employment data does not include defence personnel or fly-in fly-out workers and as such does not capture all types of employment in the Territory. Even more importantly, ABS employment data for the Territory is subject to very high levels of volatility and must be interpreted and considered in conjunction with a range of other economic indicators. -10 -5 0 5 10 15 00 01 02 03 04 05 06 07 % SFD Employment Year ended June Territory State Final Demand and Employment Growth (year on year) Source: Northern Territory Treasury, ABS Cat. Nos. 5206.0, 6202.0