As our nation’s capital, Canberra in the ACT comprises a highly educated workforce and offers a vast array of employment opportunities, particularly in government, business, research and education. Although both the Australian and ACT governments are obviously responsible for employing a considerable amount of Canberra’s workforce, more than half of Canberra’s employees are working in the private sector.
Financially, employees in Canberra are fortunate to consistently receive the highest average full-time income across Australia. The Australian Capital Territory (ACT) accounts for only around 1.6% of Australia’s population, yet employment-wise the ACT has Australia’s highest proportion of workers in the Public Administration and Safety sector, at around 30%.
The ACT also accounts for the highest percentage of employed workers in the Professional, Scientific and Technical Services sector in Australia, at around 12%, with this sector as a whole also experiencing substantial growth over the past five years or so. ACT experienced some of the country’s strongest growth in employment over the past 12 months or so, including both full-time and part-time workers, as well as youth employment.
The ACT has experienced a decrease in unemployment in recent times, with the Territory’s unemployment rates generally the lowest Australia-wide.
The ACT achieved strong growth in the last 12 months or so of skilled occupations such as Technicians, Trades Workers, Managers and Professionals. The Territory also employs a relatively high percentage of workers in the following industries:
• Accommodation/Food Services
• Education and Training
In Canberra, the Information and Communication Technology (ICT) sector employs around 8,000 people, with approximately 10% of Canberrans holding an ICT qualification. In comparison to other States, the ACT employs a relatively low percentage in sectors of:
• Wholesale Trade
With around three quarters of workers in the ACT having post-school qualifications, the ACT has the highest percentage of educated workers in the workforce in Australia. As a city with a strong economy that is open to business opportunities, Canberra also possess a global reputation of a well-educated population, high labour productivity and modern infrastructure.
Overall, the short to medium term economic outlook for the ACT is positive, with continued growth in employment predicted and Canberra being recognised as having one of the most stable economies in Australia.