LABOUR INPUTS
Labour input as measured by hours worked (figure 5.2) has been decreasing since 1989-90. The decline in hours worked is largely due to the fact that less people are employed in the Manufacturing industry while average hours worked per employed person has been stable over the period. This is because total hours worked is estimated by multiplying average hours worked per person by total employment.
One issue to note is that a different employment series is used for the Manufacturing industry in this paper compared to previously published estimates in Australian System of National Accounts, 2005-06 (cat. no. 5204.0). The hours worked estimates published in cat. no. 5204.0 are based on employment from Manufacturing survey and census data for the years prior to 2000-01 (from 2000-01 Labour Force Survey data is used). This paper bases its hours worked series on Labour Force Survey (LFS) data for the entire series. This means that the estimates for hours worked and labour productivity in this paper are different from those published in cat. no. 5204.0. For further details see the appendix at the end of this chapter.
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