1308.8 - In fACT - Statistical Information on the ACT and Region, Dec 2010
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/12/2010
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ACT residents getting older and working longer
Of the estimated 75,700 ACT residents aged 55 years and over, 40% were participating in the labour force in the 12 months ending August 2010, according to a report released today by the Australian Bureau of Statistics.
The participation rate of ACT residents aged 55 and over has increased from 32% to 40% over the last eight years to August 2010.
People aged 55 years and over made up 15% of the total labour force, up from around 9% a decade earlier.
For the year to August 2010, the largest employer of older people was the public administration and safety industry employing 25% in the ACT, while the occupation with the most older people employed in the ACT was professionals with 31% employed.
The average age at retirement of people in the ACT for 2008-09 was 53.6 years, which was similar to the national average age of 53.1 years.
Currently older people make up 26% of the ACT civilian population. However, the population of older people in the ACT is projected to grow at an average rate of 2.6% per year over a 20 year period to 2026.
Further details can be found in the publication In fACT - Statistical Information on the ACT and Region (cat. no. 1308.8), available for free download from the ABS website www.abs.gov.au
When reporting ABS data you must attribute the Australian Bureau of Statistics (or the ABS) as the source.
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