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 Richmond Valley Council.
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 Richmond Valley Council'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.
Data source
National Economics (NIEIR) - Modelled series
Current benchmark:
Comparison year:
| Full-time equivalent employment by industry sector | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Richmond Valley Council | 2022/23 | 2017/18 | Change | ||||||
| Industry | Number | % | New South Wales | Number | % | New South Wales | 2017/18 - 2022/23 | ||
| Agriculture, Forestry and Fishing | 709 | 10.0 | 2.3 | 607 | 9.7 | 2.4 | +103 | ||
| Mining | 58 | 0.8 | 1.2 | 38 | 0.6 | 1.3 | +20 | ||
| Manufacturing | 1,031 | 14.6 | 6.4 | 1,343 | 21.5 | 7.8 | -312 | ||
| Electricity, Gas, Water and Waste Services | 89 | 1.3 | 1.2 | 56 | 0.9 | 1.1 | +33 | ||
| Construction | 772 | 10.9 | 10.3 | 474 | 7.6 | 10.5 | +298 | ||
| Wholesale Trade | 190 | 2.7 | 3.3 | 149 | 2.4 | 3.8 | +41 | ||
| Retail Trade | 584 | 8.3 | 8.4 | 458 | 7.3 | 8.4 | +127 | ||
| Accommodation and Food Services | 504 | 7.1 | 5.3 | 399 | 6.4 | 5.5 | +106 | ||
| Transport, Postal and Warehousing | 335 | 4.7 | 5.4 | 358 | 5.7 | 5.7 | -23 | ||
| Information Media and Telecommunications | 28 | 0.4 | 2.2 | 49 | 0.8 | 2.7 | -22 | ||
| Financial and Insurance Services | 51 | 0.7 | 5.9 | 47 | 0.8 | 5.3 | +4 | ||
| Rental, Hiring and Real Estate Services | 100 | 1.4 | 1.8 | 97 | 1.6 | 1.9 | +3 | ||
| Professional, Scientific and Technical Services | 186 | 2.6 | 11.0 | 195 | 3.1 | 10.4 | -8 | ||
| Administrative and Support Services | 205 | 2.9 | 2.9 | 145 | 2.3 | 2.9 | +60 | ||
| Public Administration and Safety | 322 | 4.5 | 6.2 | 288 | 4.6 | 5.5 | +34 | ||
| Education and Training | 678 | 9.6 | 8.0 | 580 | 9.3 | 7.8 | +98 | ||
| Health Care and Social Assistance | 829 | 11.7 | 13.5 | 677 | 10.8 | 11.8 | +153 | ||
| Arts and Recreation Services | 66 | 0.9 | 1.4 | 84 | 1.3 | 1.5 | -18 | ||
| Other Services | 342 | 4.8 | 3.5 | 209 | 3.3 | 3.7 | +133 | ||
| Total industries | 7,080 | 100.0 | 100.0 | 6,252 | 100.0 | 100.0 | +828 | ||
Source: National Institute of Economic and Industry Research (NIEIR) ©2024. ©2023. 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 more Please refer to specific data notes for more information | |||||||||
Dominant groups
An analysis of the jobs held by the full-time equivalent local workers in Richmond Valley Council in 2022/23 shows the three largest industries were:
- Manufacturing (1,031 people or 14.6%)
- Health Care and Social Assistance (829 people or 11.7%)
- Construction (772 people or 10.9%)
In combination these three fields accounted for 2,632 people in total or 37.2% of the local workers.
In comparison, New South Wales employed 6.4% in Manufacturing; 13.5% in Health Care and Social Assistance and 10.3% in Construction.
The major differences between the jobs held by the full-time equivalent local workers of Richmond Valley Council and New South Wales were:
- A smaller percentage of full-time equivalent local workers employed in Professional, Scientific and Technical Services (2.6% compared to 11.0%)
- A larger percentage of full-time equivalent local workers employed in Manufacturing (14.6% compared to 6.4%)
- A larger percentage of full-time equivalent local workers employed in Agriculture, Forestry and Fishing (10.0% compared to 2.3%)
- A smaller percentage of full-time equivalent local workers employed in Financial and Insurance Services (0.7% compared to 5.9%)
Emerging groups
The number of full-time equivalent local workers in Richmond Valley Council increased by increased by 828 between 2017/18 and 2022/23.
The largest changes in the jobs held by the full-time equivalent local workers between 2017/18 and 2022/23 in Richmond Valley Council were for those employed in:
- Construction (+298 full-time equivalent local workers)
- Health Care and Social Assistance (+153 full-time equivalent local workers)
- Other Services (+133 full-time equivalent local workers)
- Retail Trade (+127 full-time equivalent local workers)