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Between May 2002 and May 2008, 77% of the increase in employment in NSW was in the highest skilled occupations (skill levels 1, 2 and 3 of the Australian Standard Classification of Occupations (ASCO)). The skill levels of occupations relate to the requirement of the position rather than the actual qualifications of the person employed. Over this period, occupations requiring an ASCO skill level 1 (graduate degree or equivalent experience) showed the largest increase in employed persons (152,000 persons, or 43% of total employment growth). Jobs requiring an ASCO skill level 2 (diploma or equivalent experience) also grew strongly (83,000 persons or 24% of total employment growth). The number of employed persons in occupations with ASCO skill levels 4 or 5 (trades qualification equivalent or Certificate III or IV and below) remained comparatively steady, resulting in a decline in their relative proportion of the increasing labour supply.
TRANSITION TO RETIREMENT
A significant challenge facing many developed countries is an ageing population. The increase in the proportion of employed persons working part-time is one measure which has widened opportunities for people to make the transition to retirement. The proportion of employed persons aged 55-64 years working part-time has increased from 13% in October 2000 to 16% in February 2008. This flexibility is reflected by the increase in the female participation rate in the years before retirement (aged 55-64 years) from 33% in 1999-2000 to 47% in 2007-08. The equivalent male participation rate has remained relatively steady.
Australian Labour Market Statistics (cat. no. 6105.0)
Employee Earnings, Benefits and Trade Union Membership, Australia (cat. no. 6310.0)
Forms of Employment, Australia (cat. no. 6359.0)
Industrial Disputes, Australia (cat. no. 6321.0.55.001)
Job Vacancies, Australia (cat. no. 6354.0)
Labour Force, Australia, Detailed-Electronic Delivery (cat. no. 6291.0.55.001)
Labour Force, Australia, Detailed, Quarterly (cat. no. 6291.0.55.003)
Small Area Labour Markets, Department of Education, Employment and Workplace Relations
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