Published on Jul 25, 2017

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By the Numbers July 2017

 

Source: Wikimedia

Who are we according to Census 2016?

 

The Australian Bureau of Statistics (ABS) has released the 2016 Census of Population and Housing data, revealing the ‘typical’ Australian in 2016 was a 38-year-old, married, mother of two, paying off a mortgage and doing 5 to 14 hours of housework in her three-bedroom home.

A further release from ABS has revealed the ‘typical’ Australian family (currently a couple with children) is about to undergo significant change. The ABS is projecting the number of couple families without children is likely to overtake the number of couple families with children, becoming the most common family type in Australia between 2023 and 2029.

Housing trends have also changed, with 31% of dwellings being rented. This represents a rise in rental dwellings across the country, while the number of Australians who own their home outright is declining.

Populations are urbanising, with Darwin (14%), Perth (12%) and Melbourne (12%) experiencing the greatest population growth rates, while Sydney’s growth came in at 10%. While Sydney still outpaces Melbourne in terms of actual population, the difference in growth has Sydney’s population of 4.8 million only just ahead of Melbourne’s 4.4 million.

Data on Australian’s median personal incomes show that weekly national median in actual dollars was $662 for Australians aged 15 years and over. The Australian Capital Territory took out the prize for the highest median personal income at $998 per week, while Tasmania had the lowest at $573. New South Wales is sitting in the middle of the pack at $664.

For more on the ABS breakdown of 2016 census data, visit ABS Ausstats.

 

Business use of IT and innovation 2015-2016

Fifty per cent of Australian businesses now have a web presence, while more than a third (38%) had a social media presence. While businesses with 200 plus employees had the greatest proportion of social media presence (81%), small-medium businesses with between 20 to 199 employees were still high, with 63% having a presence.

 

Internet ordering is growing, with 57% of businesses placing orders over the internet, while 37% of businesses reported receiving orders for their goods or services over the internet. The income from received orders is estimated by the ABS to be $321 billion.

 

Labour Force May 2017 seasonally adjusted estimates (monthly change)

  • Employment increased 42,000 to 12,152,600. Full-time employment increased 52,100 to 8,287,400 and part-time employment decreased 10,100 to 3,865,200.
  • Unemployment decreased 18,600 to 711,900. The number of unemployed persons looking for full-time work decreased 23,000 to 489,300 and the number of unemployed persons only looking for part-time work increased 4,400 to 222,700.
  • Unemployment rate decreased by 0.2 pts to 5.5%.
  • Participation rate increased by less than 0.1 pts to 64.9%.
  • Monthly hours worked in all jobs increased 31.1 million hours (1.87%) to 1,695.3 million hours.

Job vacancy trend estimates May 2017

  • Total job vacancies in May 2017 were 189,200, an increase of 1.7% from February 2017.
  • The number of job vacancies in the private sector was 170,500 in May 2017, an increase of 1.5% from February 2017.
  • The number of job vacancies in the public sector was 18,700 in May 2017, an increase of 3.2% from February 2017.

 

Overseas Arrivals and Departures  April 2017

Australia welcomed 746,700 (seasonally adjusted) short-term visitors to our shores in April 2017, a year-on-year increase of 4.7%.

 

Reserve Bank of Australia: Monitary Policy Decision 4 July 2017

  • The cash rate remains at 1.5%, unchanged from the previous June 2017 decision.
  • In its statement, the Reserve Bank says that global economic growth continues, with a rise in commodity prices increasing Australia’s national income. There has been a rise in business investment in areas not affected by the decline in mining investment. The Australian labour market looks to experience continued growth, although wage growth remains low.
  • The housing market shows that rising housing debt has outpaced household incomes, while the housing market varies around the country with some areas continuing growth while other markets decline.
  • The Reserve Bank expects inflation to increase gradually as the economy gains strength.