Occupations of debtors with a business related personal insolvency.
Most common occupations in 2013-14
The most common usual occupations of debtors who entered a business related personal insolvency in 2013–14 were:
- Construction trades workers
- 669 debtors
- Economic conditions were the most common cause of insolvency
- Road and rail drivers
- 353 debtors
- Economic conditions were the most common cause of insolvency
- Hospitality, retail and services managers
- 289 debtors
- Economic conditions were the most common cause of insolvency
- Other technicians and trades workers
- 282 debtors
- Economic conditions were the most common cause of insolvency
- These occupations include:
- Hairdressers,
- Printing trades workers,
- Textile, clothing and footwear trades workers and
- Wood trades workers.
See the Causes of personal insolvency publication for more information on causes of insolvency.
Changes in occupations of debtors since 2010-11
The highest increases in the number of debtors entering business related personal insolvencies occurred in the following occupations between 2010–11 and 2013–14:
- Construction trades workers
- Insolvent debtors increased from 504 debtors in 2010–11 to 669 in 2013–14
- Employed workforce fell from 378,800 workers in the May quarter 2011 to 368,200 workers in the May quarter 2014*
- The largest increase was in painting trades workers.
- Other technicians and trades workers
- Insolvent debtors increased from 234 debtors in 2010–11 to 282 in 2013–14
- Employed workforce increased from 174,300 workers in the May quarter 2011 to 194,000 workers in the May quarter 2014*
- The largest increase in a specific occupation was in hairdressers.
- Legal, social and welfare professionals
- Insolvent debtors increased from 51 debtors in 2010–11 to 71 in 2013–14
- Employed workforce increased from 183,300 workers in the May quarter 2011 to 204,500 workers in the May quarter 2014*
- The largest increase was in solicitors.
- Retired
- Insolvent debtors increased from 23 debtors in 2010–11 to 48 in 2013–14.
* Australian Bureau of Statistics (ABS), Labour Force, Australia, Detailed, Quarterly, Nov 2014, catalogue number 6291.0.55.003