NEWSPAPER ANALYSIS

Newspaper Analysis

Newspaper Analysis (Written report)

Introduction

This article is about the examination of the statistical information from the Australian Bureau of Statistics. The data and information represents the economic importance of sports and recreation. The data was collected, via Australian Standard Industrial Classification. The scope of sports and recreation includes entertainment, wholesale, retail, service and manufacturing.

Sports and recreation industry holds a great importance for the economy of any country. In Australia indoor and outdoor sports are so popular that the data collection is essential to judge and evaluate the earnings and expenditure in the sector. Sports and recreation sector and industry provide the population fresh diversion from the busy daily lives.

Economic benefits

By analyzing the expenditure on sports and recreation activities by the people and government, size of the industry and the actual goods and services produced and sold; economic importance of sports and recreation was examined. The economic benefits include expenditure from household and government, information of employment and industry, imports and exports and production. Indirect potential economic benefits are not covered in this article. Many benefits can be derived from this industry such as more participants, more investments, and more tourist attraction points. Engineering construction activity contributed with $1,342.9m for recreational projects. Private sector contributed with $410.1 m, excluding landscaping projects.

Expenditure information

The expenditure made on sports and recreation is substantial information to measure the economic importance of the industry. This also shows how much of the households are willing to spend with the difference of the actual spending.

Household expenditure

TWeekly average expenditure by household was $15.70 in 2003-4. This made an average weekly expenditure on all products total to $886.63. Only 48% of sporting and physical recreation expenditure contributed to the expenses for equipment. 45% were spent for the related services. 7.1% was spent on the vehicles related to the industry. Swimming pool received the highest earnings by the household expenditures which was $3.41 on weekly basis. In 2003-4, $6,332.5 m were the expenses in the recreation goods and services by the households. Of which $3,053.3 m was spent on the camping equipments while $2,831.5 m was for the services and $447.7 m was for the vehicles.

Government Expenditure

In total, the spending from the government side was more than $1,786 million on the recreation facilities and services. It shows the total annual government investment in new and existing recreational activities.

Employment and industry information

Employees of full time and part time job contributed with the same number of participation which was 69%. Population above 15 years of age, and non-labor force participated totaling 53% before the 12 month period from the interview.  

Employment

Census of population and Housing shows the information on the industry of sports and recreation. Labor force states both the voluntary and non-voluntary work. Volunteer work was performed by 14% of employed people. Part time employed contributed 13% while full time contributed 15%. 14% of the total employed percentage contributed to the total sports organization. 23% of the total population contributed to the other ...