General News
22 December, 2022
Regional job boon
Australian Bureau of Statistics (ABS) figures released today show that regional employment in Victoria advanced by 10,500 in November with Bendigo and Latrobe-Gippsland the highest achievers, adding 3,400 and 2,800 jobs respectively. Regional...
Australian Bureau of Statistics (ABS) figures released today show that regional employment in Victoria advanced by 10,500 in November with Bendigo and Latrobe-Gippsland the highest achievers, adding 3,400 and 2,800 jobs respectively.
Regional employment has soared by just under 150,000 jobs to more than 807,000
The State Government says that since 2014 In that time the number of unemployed people in regional Victoria has dropped by more than 20,000. The regional unemployment rate now sits at a near record low 3.1 per cent.
The Government said:
Geelong has been one of the state’s strongest performers under the Labor Government’s watch with a drop of 5.6 percentage points in its unemployment rate, to 2.6 per cent. Over the same period, the unemployment rate in Bendigo has fallen by 5.4 percentage points to 1.6 per cent – and in Ballarat by 5.2 points to 1.7 per cent.
The robust regional figures follow last week’s ABS labour force report revealing Victoria had added 30,800 jobs – more than any other state and almost half of the new jobs generated across the nation in November.
Victoria’s overall unemployment rate of 3.7 per cent is around the lowest in nearly half a century and a full three percentage points lower than when the Liberals and Nationals were last in office.
The economy is growing faster than any other state, with the ABS reporting that real gross state product – a key measure of economic activity – rose by 5.6 per cent in 2021-22, more than 50 per cent greater than the national average.