Why is the participation rate (employed persons) so low in Aus?
Oct 15th 2008, 11:14 pm
#16
BE Enthusiast
Thread Starter
Joined: Feb 2006
Location: Perth since 1997
Posts: 590
Re: Why is the participation rate (employed persons) so low in Aus?
But why work when you don't need to ? 
That 75% is the UK activity rate, as opposed to the participation rate
You have to remember that in Australia 95.8% of those participating are actually in the activity.
The question now is, what is the Australian Activity rate, or, what is the UK participation rate.
That report does say that 29,497,000 UK are in the activity numbers, or about 48.5% of the total population (60,776,238).
Compared to Australia, who have 10,737,000 in the Employment numbers, or 50% of the total population (21,459,833).
Not really much difference between the two, 1.5%.
That 75% is the UK activity rate, as opposed to the participation rate
You have to remember that in Australia 95.8% of those participating are actually in the activity.
The question now is, what is the Australian Activity rate, or, what is the UK participation rate.
That report does say that 29,497,000 UK are in the activity numbers, or about 48.5% of the total population (60,776,238).
Compared to Australia, who have 10,737,000 in the Employment numbers, or 50% of the total population (21,459,833).
Not really much difference between the two, 1.5%.
Why does Australia needs migrants?
Oct 15th 2008, 11:53 pm
#17
Guest
Posts: n/a
Re: Why is the participation rate (employed persons) so low in Aus?
But also, you can't compare the Participation rate (unemployed + employed) to the employment rate (employed only).
Because so many Australians would rather stay on the beach than go to work
Also a lot of Australians retire early.
Of all workers over 45 years of age, 42% had already retired from the labour force, 54% were in the labour force and 4% were not currently in the labour force but had not retired (unemployed but looking). Source
UK Government figures show that the average retirement age for men is 62.7 and for women 59.7. Source
The average retirement age among Australians is 57 years of age. Source
Because so many Australians would rather stay on the beach than go to work
Also a lot of Australians retire early. Of all workers over 45 years of age, 42% had already retired from the labour force, 54% were in the labour force and 4% were not currently in the labour force but had not retired (unemployed but looking). Source
UK Government figures show that the average retirement age for men is 62.7 and for women 59.7. Source
The average retirement age among Australians is 57 years of age. Source
Oct 15th 2008, 11:54 pm
#18
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: Why is the participation rate (employed persons) so low in Aus?
The average retirement age among Australians is 57 years of age. Source
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