65 Years and Over Industry Sector Workforce Participation - Funded by the Independent Research Fund

2 65 Years and Over Industry Sector Workforce Participation Employment Growth of those 65 years and over The last decade, and particularly 2020/21 and 2021/22 with the COVID-19 induced limits on international immigration and work force growth, show Australians 65 years and over can and do make a significant impact on workforce and employment growth. [...] While most of that employment growth was in Part Time employment (by 162,400), the increase in Full Time employment of 65 years and over of 123,000 between 2011/12 and 2021/22 contributed 9.6 per cent of the total growth in Full Time employment. [...] This growth also well outpaced the growth of 4.5 per cent in full time employment of those under 65 years and contributed 7.1 per cent of the all-age growth in full time employment; and • For those aged 65 years and over, Part Time employment lifted by 26,500 over the two years, or 6.3 per cent in 2020/21 and 1.7 per cent in 2021/22. [...] 4 65 Years and Over Industry Sector Workforce Participation Table 2: Employed Persons Aged 65 Years and Over by Full-time and Part-time Status and Industry Sector 2021/22 2018/19 2011/12 As share of As share of As share of As share of 65 years As share of 65 years As share of 65 years Employed Employed Employed all age and over all age and over all age and over persons persons persons employment t. [...] 65 Years and Over Industry Sector Workforce Participation 7 Table 3: Average Hours Worked Per Week by Age Group, by Full-time and Part-time Status and Industry Sector 2021/22 2018/19 2011/12 65 years 65 years 65 years 65 years 15 to 64 and over as 65 years 15 to 64 and over as 65 years 15 to 64 and over as and over years per cent of and over years per cent of and over years per cent of (hours) (ho.