Top employing industries in the Australian Capital Territory
Following the onset of COVID-19 and the shutdown of non-essential services and trading restrictions, employment in the ACT fell by 9,900 (or 4.2%) between March 2020 and the trough in May 2020. Over the same period, the participation rate in the ACT decreased, from 72.3% in March 2020, to 69.7% in May 2020, while the unemployment rate rose, from 3.2% in March 2020, to a peak of 4.8% in June 2020 in the immediate aftermath of the pandemic.
Employment in the ACT increased by 4,200 between May 2020 and July 2021 but remains 5,800 (or 2.4%) below its pre-pandemic level. Moreover, the participation rate in the territory, at 70.8% in July 2021, is below the rate recorded in March 2020, while the unemployment rate, at 4.3% in July 2021, is above the pre-pandemic rate.
Encouragingly, there has been robust growth in recruitment activity in the ACT, as measured by the Internet Vacancy Index, with job advertisements 1.2 times higher than the pre-pandemic level, although the recent outbreak of COVID-19 cases, and associated lockdown and restrictions, is likely to dampen labour market activity in the coming months.
Employment by region
|Employment May 2021||5 year change to May 2021||Part-time||Female||Aged 15 to 24 years||Aged 55 years or older||Bachelor degree or higher||Cert III or higher VET qual||No post-school qual|
Sources: ABS, Labour Force (seasonally adjusted and annual averages of original data); ABS, Characteristics of Employment; ABS, Education and Work; National Skills Commission, Internet Vacancy Index.