The Australian Capital Territory (ACT) is a relatively small labour market. Employment growth over the past five years was below the national average. Public Administration and Safety is the largest employing industry (60,100 workers), followed by Professional, Scientific and Technical Services (26,600). The ACT has the most highly educated workforce in Australia (73% hold post-school qualifications).
Current conditions (to January 2018)
Labour market conditions in the ACT strengthened over the year to January 2018, with employment rising by 10,600. Full-time employment rose by a robust 9,400, while part-time employment increased by 1,200. While the territory’s unemployment rate rose by 0.3 percentage points over the year to 4.0%, it remains the lowest rate in Australia. The participation rate rose by 2.6 percentage points to 72.9% (well above the national rate).
Conditions for youth in the ACT weakened over the year, with employment decreasing by 100 (or 0.4%), while the territory’s youth unemployment rate rose by 1.1 percentage points to 10.9% (but remains well below the national rate).
The ACT Treasury forecasts employment growth of 2% in 2018-19. Over the five years to May 2022, employment in the ACT is projected grow by 6.9%.
More than 17% of ACT workers are combining work with study
Employment by region, Australian Capital Territory
|Employment||Employment Profile||Projected Employment|
|Employ’t Nov 2017||5 year change
to Nov 2017
|Aged 15 to 24 years||No post-school qual||5 year change to May 2022|
1. Some data are trend and, for these, totals do not add
Sources: ABS, Labour Force (trend and annual averages of original data); ABS, Census of Population and Housing; Department of Jobs and Small Business, Regional Employment Projections; ACT Treasury
For more information see lmip.gov.au