Powered by .id (informed decisions) for Albury City
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LEARN MORE ABOUT .idIn 2021, 4,303 people aged 55 to 64 years living in Albury City were employed, of which were working full time and 35.0% part time.
Employment statistics are an important indicator of socio-economic status. The levels of full or part-time employment, unemployment and labour force participation indicate the strength of the local economy and social characteristics of the population. Typically, unemployment among youth (under 25) and seniors (over 55) are regarded as important indicators of social cohesion.
The participation rate is another indicator - defined as the percentage of the population in the labour force, it applies to all people over 15, and tends to peak among people in their 30s, while being lower for age groups with a lot of students, retirees, and where one partner has child care responsibilities. A high participation rate may indicate a place people settle to be near employment, while a low one for a particular age group could indicate many retirees or discouraged job seekers.
Q:
Derived from the Census question:
'Last week did the person have a full time or part time job of any kind?'
| Employment status | |||||||
|---|---|---|---|---|---|---|---|
| Albury City - 55 to 64 years | 2021 | 2016 | Change | ||||
| Employment status | Number | % | Regional VIC | Number | % | Regional VIC | 2016 to 2021 |
| Employed | 4,303 | 95.7 | 96.5 | 3,831 | 95.1 | 95.3 | +472 |
| Employed full-time | 2,553 | 56.8 | 52.8 | 2,258 | 56.1 | 53.3 | +295 |
| Employed part-time | 1,508 | 33.5 | 36.0 | 1,367 | 33.9 | 35.2 | +141 |
| Employed, away from work | 242 | 5.4 | 7.6 | 209 | 5.2 | 6.8 | +33 |
| Unemployed (Unemployment rate) | 195 | 4.3 | 3.5 | 195 | 4.8 | 4.7 | 0 |
| Looking for full-time work | 109 | 2.4 | 1.9 | 103 | 2.6 | 2.9 | +6 |
| Looking for part-time work | 86 | 1.9 | 1.6 | 92 | 2.3 | 1.8 | -6 |
| Total labour force | 4,498 | 100.0 | 100.0 | 4,028 | 100.0 | 100.0 | +470 |
| Labour force status | |||||||
|---|---|---|---|---|---|---|---|
| Albury City - 55 to 64 years | 2021 | 2016 | Change | ||||
| Labour force status | Number | % | Regional VIC | Number | % | Regional VIC | 2016 to 2021 |
| Total labour force (Participation rate) | 4,498 | 65.8 | 63.7 | 4,028 | 63.2 | 61.0 | +470 |
| Not in the labour force | 2,003 | 29.3 | 30.6 | 1,918 | 30.1 | 32.0 | +85 |
| Labour force status not stated | 330 | 4.8 | 5.6 | 423 | 6.6 | 7.0 | -93 |
| Total people | 6,831 | 100.0 | 100.0 | 6,369 | 100.0 | 100.0 | +462 |
Dominant groups
The size of Albury City's labour force aged 55 to 64 years in 2021 was 4,498 persons, of which 1,508 were employed part-time and 2,553 were full time workers.
Analysis of the employment status of people aged 55 to 64 years (as a percentage of the labour force) in Albury City in 2021 compared to Regional VIC shows that there was a lower proportion in employment, and a higher proportion unemployed. Overall, 95.7% of the labour force aged 55 to 64 years was employed (0.0% of the population aged 55 to 64 years), and 4.3% unemployed (0.0% of the population aged 55 to 64 years), compared with 96.5% and 3.5% respectively for Regional VIC.
Analysis of the labour force participation rate of the population aged 55 to 64 years in Albury City in 2021 shows that there was a higher proportion in the labour force (65.8%) compared with Regional VIC (63.7%).
Emerging groups
Between 2016 and 2021, the number of people aged 55 to 64 years employed in Albury City showed an increase of 472 persons and the number unemployed remained stable as well 0 . In the same period, the number of people in the labour force showed an increase of 470 persons, or 11.7%.
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