Full-time equivalent (FTE) employment is modelled by NIEIR and takes into account differences in hours worked between industry sectors. It is a measure that allows direct comparison of employment between industries in the Inner West Council area.
Typically, industries such as Retail Trade and Accommodation and Food Services, which employ many part-time workers, have lower FTE employment than total employment.
FTE employment is calculated directly by dividing the total hours worked in each industry by 38. By comparing the number of full-time equivalent jobs in each industry sector to a regional benchmark, you can clearly see the structure of the Inner West Council area's economy. This can be done by directly comparing the area to its benchmark, or by using a location quotient to look at the relative size of industries.
FTE employment should be viewed in conjunction with Employment by industry (Total) and Employment by industry (Census), for a full understanding of the industry breakdown in the area. Worker productivity data shows the value of a worker in each industry to the local economy. Employment locations shows where employment is taking place in each industry sector.
National Economics (NIEIR) - Modelled series
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|Full-time equivalent employment by industry sector|
|Inner West Council area||2019/20||2007/08||Change|
|Industry||Number||%||Australia||Number||%||Australia||2007/08 - 2019/20|
|Agriculture, Forestry and Fishing||99||0.2||3.2||146||0.3||3.9||-47|
|Electricity, Gas, Water and Waste Services||105||0.2||1.4||87||0.2||1.2||+18|
|Accommodation and Food Services||5,000||8.1||5.2||3,983||6.9||5.5||+1,017|
|Transport, Postal and Warehousing||2,713||4.4||5.5||3,042||5.3||5.7||-329|
|Information Media and Telecommunications||1,084||1.8||1.8||1,116||1.9||2.3||-32|
|Financial and Insurance Services||1,233||2.0||3.9||1,059||1.8||4.0||+174|
|Rental, Hiring and Real Estate Services||1,170||1.9||1.8||1,646||2.8||1.9||-476|
|Professional, Scientific and Technical Services||5,773||9.4||9.4||5,151||8.9||7.7||+622|
|Administrative and Support Services||1,811||2.9||3.0||1,729||3.0||2.9||+82|
|Public Administration and Safety||4,156||6.8||6.8||3,333||5.8||6.4||+822|
|Education and Training||4,910||8.0||8.0||3,747||6.5||7.0||+1,163|
|Health Care and Social Assistance||8,345||13.6||12.0||5,891||10.2||8.9||+2,454|
|Arts and Recreation Services||1,116||1.8||1.5||1,284||2.2||1.5||-169|
Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions). NIEIR-ID data are adjusted each year, using updated employment estimates. Each release may change previous years’ figures. Learn morePlease refer to specific data notes for more information
An analysis of the jobs held by the full-time equivalent local workers in the Inner West Council area in 2019/20 shows the three largest industries were:
- Health Care and Social Assistance (8,345 people or 13.6%)
- Construction (7,160 people or 11.7%)
- Retail Trade (6,511 people or 10.6%)
In combination these three fields accounted for 22,016 people in total or 35.9% of the local workers.
In comparison, Australia employed 12.0% in Health Care and Social Assistance; 10.5% in Construction and 8.3% in Retail Trade.
The major differences between the jobs held by the full-time equivalent local workers of the Inner West Council area and Australia were:
- A smaller percentage of full-time equivalent local workers employed in Agriculture, Forestry and Fishing (0.2% compared to 3.2%)
- A larger percentage of full-time equivalent local workers employed in Accommodation and Food Services (8.1% compared to 5.2%)
- A smaller percentage of full-time equivalent local workers employed in Mining (0.0% compared to 2.5%)
- A larger percentage of full-time equivalent local workers employed in Retail Trade (10.6% compared to 8.3%)
The number of full-time equivalent local workers in the Inner West Council area increased by increased by 3,614 between 2007/08 and 2019/20.
The largest changes in the jobs held by the full-time equivalent local workers between 2007/08 and 2019/20 in the Inner West Council area were for those employed in:
- Health Care and Social Assistance (+2,454 full-time equivalent local workers)
- Construction (+1,705 full-time equivalent local workers)
- Education and Training (+1,163 full-time equivalent local workers)
- Accommodation and Food Services (+1,017 full-time equivalent local workers)