More adults choosing to study
ONE in three people aged 15 years and over – or about six million people – are not working. Of these, 52 per cent are 60 years and over, Australian Bureau of Statistics figures show.
Almost two-thirds (60 per cent) of people who are not in the labour force are women, with 247,600 of them not in work because they are caring for children.
An increasing number of people aged 25 to 34 are studying rather than working, however, with 19 per cent reporting they are attending an educational institution rather than being in the labour force.
It is a significant increase from the 14 per cent who were studying in 2007.
Only 900,000 people not in the labour force want work and are available to start a job within four weeks, though about 10 per cent of them are not actively looking for a job because they have been discouraged from the labour market and believe they would not be able to find a job.
More than half of discouraged jobseekers (56 per cent) are aged over 55 years – and ‘‘ considered too old by employers’’ is the top reason that discouraged jobseekers give up on looking for work.
And the number of discouraged jobseekers has decreased from 111,800 in 2009 to 90,700 in 2011.