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NSW OVERVIEW

Employment and Unemployment

Employment in NSW in October 2001 was a seasonally adjusted figure of 3,051,200 persons. The participation rate increased by 0.1 percentage points from the previous month to 62.6%. The national participation rate was 63.8% in October 2001. Unemployment in NSW increased by 7.0% to a seasonally adjusted figure of 216,500 persons in October 2001. The unemployment rate in NSW was 6.6%, an increase of 0.4 percentage points from September 2001, while the national unemployment rate was 7.1%.

Industrial Disputes

In NSW in August 2001 there were 12,600 working days lost due to industrial disputes, a decrease of 25.9% on the working days lost in July 2001. Nationally, there were 40,400 working days lost due to industrial disputes in August 2001.

Production

Coal production for September 2001 was 12,046,000 tonnes, a decrease of 19.1% from the previous month. Nationally, 37,958,000 tonnes of coal were produced.

Building Approvals

The seasonally adjusted number of dwelling units approved for NSW in September 2001 was 4,592. This was an increase of 58.8% from September 2000. Nationally, there were 15,025 dwelling units approved, an increase of 58.4% from September 2000.

Retail

In seasonally adjusted terms, total retail sales for NSW in September 2001 were $4,716.6 million. Nationally, total retail sales were $13,635.6 million.

New Motor Vehicle Registrations

In October 2001, there were 21,787 new motor vehicle registrations for NSW (seasonally adjusted), of which 18,341 were passenger vehicles. Nationally, there were 65,230 new motor vehicle registrations.

Finance

The seasonally adjusted value of housing finance commitments for owner occupation in NSW in September 2001 was $3,243 million, an increase of 49.8% on September 2000. Nationally, there was $7,996 million in housing finance commitments for owner occupation.

NSW Government Finance

The GFS Net Operating Surplus for the three months ended 30 September 2001 was $498 million. The Budget Surplus (GFS Net Lending result) for the three months ended 30 September 2001 was $346 million.

Imports and Exports

In September 2001 the value of imports into NSW was $4,272 million, a decrease of 7.9% from August 2001 and a decrease of 4.5% on September 2000. The value of exports from NSW was $2,008 million, an increase of 7.8% from August 2001. Nationally, imports totalled $9695 million and exports totalled $10,001 million.