Authors: Dr Matthew Thomas and Geoff Gilfillan
In keeping with the broader emphasis on older Australians in this year’s Budget, much of the funding for employment participation measures is directed towards supporting mature age job seekers to remain in or re-enter the workforce. Mature age job seekers are defined as those aged 45 years and older.
Mature age labour force participation
… labour force participation for men aged 45 to 54 years has remained strong and stable over the past 40 years, only falling slightly from around 92.5 per cent in March 1978 to 88.2 per cent in March 2018. Over the same time interval, the labour force participation of women of the same age has risen significantly, from 46.6 per cent to 80.2 per cent.
The rate of labour force participation for men aged 55 to 64 years fell steadily from around 75 per cent in the late 1970s to around 60 per cent in the mid-1980s, as indicated in Graph 2, and remained at about this level for the next 20 years. The rate steadily increased from 60.3 per cent in March 2000 to 73.6 per cent in March 2018. Labour force participation for women aged 55 to 64 years stood at around 20 per cent from the late 1970s to the mid-1980s, but has been rising steadily to around 59.9 per cent in March 2018. The labour force participation rate for all people aged 55 to 64 years was exactly two-thirds (66.6 per cent) in March 2018, which compares with 47.9 per cent in March 2000.
SOURCE: Thomas, Matthew and Gilfillan, Geoff. “Workforce Participation Measures.” Parliamentary Library website viewed 18 May 2018.
Produced by the librarians at the Brotherhood of St Laurence in Melbourne, Australia