Commonwealth of Australia Despite the lifts in the projections of the SA population aged 15 to 69 years, the population 70 years and older still rises strongly as a share of the total SA population and as a ratio of the population aged 15 to 69 years. [...] This is on the basis of: • The expected strong growth in employment demand we have discussed in earlier papers to meet the various needs of the ageing community and continued expansion of the NDIS; • The likely decline in national and SA Net Overseas Migration (NOM) from current levels as assumed in the ABS assumptions of Net Overseas Migration in their 2023 population estimates. [...] Table 7 summarises by the aggregated age groups the changes in the labour force and population from 2017 to 2023 and the projected population growth for each to 2033 using the ABS Population Projection Medium Variant. [...] A Review of South Australia’s Labour Force Participation 21 To 2033, the 40 to 54 years old population is likely to be the main potential source of labour force growth with the population on the Medium variant projected to grow at 1.2 per cent per annum and in total by 43,800, 37.8 per cent of the projected growth in the population aged 15 years to 79 years. [...] A Review of South Australia’s Labour Force Participation 24 In view of the size of this population, the pressures facing the SA economy, housing markets and labour force and the poverty and poor welfare and health issues facing many 65 years and over, the low labour force participation of the 65 years and over group, and the 65 to 79 year group in particular, need attention.
Authors
- Pages
- 33
- Published in
- Australia
Table of Contents
- The South Australian Centre for Economic Studies 1
- June 2024 1
- South Australian Centre for Economic Studies SACES 5
- Independent Research Fund 5
- Establishment of the Fund 5
- Purpose of the Fund 5
- Advisory Board 5
- Contacts 5
- South Australia 7
- Introduction 7
- Analysis and Discussion 7
- A note on the ABS 2023 Population projections 9
- Labour Force Participation 11
- 15 to 24 years 12
- 25 to 39 years 14
- 40 to 54 years 15
- 55 to 64 years 17
- 65 years and over 20
- Prospects for Labour force Growth in South Australia 23
- Total Labour Force projected outcomes 30
- Relationship of the SA Labour Force Projections to potential Employment 31
- Conclusion 32
