In the City of Monash, there are more younger workers (15 to 44 years) than older workers (45 year and over) working in All industries.
The Age Structure of an industry's local workers is a key component to understanding the role and function of that industry in the City of Monash. It is an indicator of the age of the industry and how long it has been established in the area, as well as the possible challenges in expanding that industry in the future.
For example an area with young local workers may be more mobile and likely to change jobs/industries in the future while an industry with an older local workers may face succession planning issues and challenges in attracting new staff.
Australian Bureau of Statistics (ABS) – Census 2011 (experimental imputed) & 2016 – by place of work
|Local workers age structure|
|City of Monash - All industries||2016||2011||Change|
|Ten year age groups (years)||Number||%||Retail Trade%||Number||%||Retail Trade%||2011 - 2016|
|15 to 24 years||12,102||11.4||22.1||12,218||12.3||24.1||-116|
|25 to 34 years||25,519||24.1||23.4||22,806||23.0||22.2||+2,713|
|35 to 44 years||24,896||23.5||20.6||24,115||24.4||22.0||+781|
|45 to 54 years||23,748||22.4||19.0||22,662||22.9||18.1||+1,086|
|55 to 64 years||15,481||14.6||11.9||14,103||14.2||11.2||+1,378|
|65 years and over||4,041||3.8||3.0||3,084||3.1||2.5||+957|
Please refer to specific data notes for more information
Analysis of the age structure of the workforce in the City of Monash in 2016 compared to Retail Trade shows that there was a lower proportion of people in the younger age groups (15 to 44 years) and a higher proportion of people in the older age groups (45 years and over).
Overall, 59.1% of the workforce was aged under 45 years, compared to 66.1% for Retail Trade. 40.9% were aged 45 years and over, compared to 33.9% for Retail Trade.
The major differences between the age structure of the workforce in the City of Monash and the Retail Trade workforce were:
- A smaller percentage of local workers aged 15 to 24 years (11.4% compared to 22.1%)
- A larger percentage of local workers aged 35 to 44 years (23.5% compared to 20.6%)
- A larger percentage of local workers aged 45 to 54 years (22.4% compared to 19.0%)
- A larger percentage of local workers aged 55 to 64 years (14.6% compared to 11.9%)
The largest changes in the age structure of the workforce in the City of Monash between 2011 and 2016 were:
- 25 to 34 years (+2,713 local workers)
- 55 to 64 years (+1,378 local workers)
- 45 to 54 years (+1,086 local workers)
- 65 years and over (+957 local workers)