The line graph portrays the variations in the employment rate across four distinct sectors in Australia from 1985 to 2015, at five-year intervals.
Overall, the employment rates in the technology, healthcare, and construction industries exhibited a general upward trend over the 30-year period. However, the retail industry experienced a decline in employment during the same period.
Initially, in 1985, the employment rates in these industries ranged from approximately 10% for technology, healthcare, and retail, while construction stood higher at around 20%. Over the subsequent years, by 1990, there was a modest increase of about 2% in employment rates across all sectors except healthcare, which surged by 15%. By the year 2000, the employment rates for all industries converged to a range of 20-26%.
From 2001 onwards, the employment rate in the retail industry witnessed a noticeable decline, dropping by 3% in the initial year and progressively decreasing by 5% annually thereafter. By 2015, the retail sector reached its lowest employment rate at 5%. Conversely, the healthcare, construction, and technology industries continued to witness growth over this period. Healthcare and construction experienced an annual increase in employment rates of approximately 4-5%, culminating in healthcare having the highest rate of 60% by 2015.