Unemployment at Five Year Low
The South Burnett is experiencing an economic resurgence with employment statistics, released last week by the Australian Government, showing a decrease in unemployment across the region.
The South Burnett unemployment rate, as at end of the 2018 calendar year, is 8.2%. This is the lowest level since December 2013 (also 8.2%) and is a decrease of 0.5% from the previous quarter.
All six member councils in the Wide Bay Burnett region (Bundaberg, Cherbourg, Fraser Coast, Gympie, North Burnett and South Burnett) have seen unemployment rates reduced.
“This is a great result for our region and a good indication of the heavy lifting being undertaken by businesses and industry,” Mayor Keith Campbell said this morning.
“A positive result for the Wide Bay Burnett region creates new confidence across the entire region,” said Mayor Campbell.
To add to this encouraging statistic for the regional economy, only 1,109 persons in the South Burnett labour force are classified as unemployed. This is the lowest number since March 2013 (1,101) and is a decrease of 79 persons from the previous quarter.
South Burnett Regional Council will continue to monitor the regional unemployment rate through 2019, with further decreases proving a shift in quarterly trends and an increasing confidence in the regional economy.
Source: Small Area Labour Markets publication, Australian Government Department of Jobs and Small Business. The Department produces quarterly regional estimates of unemployment and the unemployment rate at the Statistical Area Level 2 (SA2) and Local Government Area (LGA) level. It is anticipated that the March quarter 2019 issue of SALM will be released in June 2019.