The line chart below illustrates Australia’s employment rate in four various industries over 30 years.
Overall, it is evident that all industries had mostly similar trend of increasing over 30 years, except for the retail industry.
At the beginning of 1958, the total worker rate for all industries stood between around 8% to 12%, considering that retail was the highest figure among them. In the following year, they all gradually rose by almost within a range of 2-3%, except for healthcare which jumped by 15%. However, they all converged to a range of 20-26% in the year 2000.
From 2001 to 2015, the retail industry experienced a significant drop throughout the period. Starting in 2001, the figure fell rapidly by 3%. From there on, the figure gradually decreased by about 5% per interval, resulting in a final number of 10 percent in 2015, which was the minimum employment rate at that time. On the other hand, other industries, these are healthcare, consulting, and technology, roughly continued to steadily grow over the remaining 15 years. Although healthcare and consulting had slowly climbed by around 4-5% each year, resulting in a total of 60% for healthcare, which was the highest employment rate by 2015.