4914.0.55.001 - Newsletter: Age Matters, Jun 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 16/07/2004   
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DID YOU KNOW?

In November 2003,

    • Close to a third (32%) of people participating in the labour force were mature age (those aged 45-64 years), up from 24% in 1983.
    • There were 3.2 million mature age workers, of which, just over a quarter (26%) were employed part-time, compared with 28% of all employed people. Some 11% of male mature age workers were employed part-time compared with 45% of their female counterparts.
    • The Education industry employed the highest proportion of mature age workers, with 47% employed in this industry aged 45-64 years. Other industries with higher proportions of mature age workers include Agriculture, forestry and fishing (44%) and Health and community services (42%).
    • The unemployment rate for 45-64 year olds was 3.5% representing 114,000 people in this age group who were looking and available to work, compared with an overall unemployment rate of 5.4%.
    • Among unemployed 45-64 year olds, the proportion who were long-term unemployed (i.e. had been unemployed for 52 weeks or more), was nearly twice as high (40%) as the proportion for all unemployed people (23%).

For further details, refer to the article 'Mature age workers' included in
Australian Social Trends (cat. no. 4102.0), released on 15 June 2004.