North Coast Jobless Rate Falls

Posted:

The latest regional labour force data for the New South Wales north coast shows a 5.5 per cent jump in employment in September.
Nationwide, the jobless rate fell slightly in September but in the region stretching from north of Taree to the Tweed there has been an impressive spike in the number of people in work.
The Australian Bureau of Statistics’ Scott Marley says the region’s unemployment rate now sits around 5.8 per cent.
That is slightly above the national unemployment rate of 5.2 per cent but much better than the August regional rate of 6.9 per cent.
“The employment increase is 5.5 per cent this month which is the third highest employment growth in Australia this month and the second highest in NSW behind the far west region,” he said.
“At this stage it’s a one-off growth spike in the series and we expect growth at this time of the year in September in the lead up to Christmas.
“It is an impressive hike this month but we’ll have to wait and see what happens in the upcoming months to see whether that continues or not.”
Mr Marley says the north coast figures are extremely positive.
“The participation increase up to 55.3 per cent from 53.1 per cent last month,” he said.
“People who are engaging in the labour force, so that’s people who are employed or people who are looking for work.
“So if your participation rate is increasing, you’re getting more employed people and more people actively looking for work which is all good news.”

Share socially

ABC News

&source=https://nrbm.com.au/">LinkedIn
Google+

Subscribe to NRBM ยป