27 Feb REMPLAN Data Update – Insights from the latest Unemployment Data (Sep qtr 2018)

We are pleased to advise you that all public-access REMPLAN Economy and Community profiles have now been updated with the latest area-specific unemployment rate data (September quarter 2018). This data has recently been released by the Australian Bureau of Statistics (ABS) and the Department of Jobs and Small Business (DJSB).

The September quarter unemployment rate was highest in Western Australia (6.1 per cent), followed by Queensland and Tasmania (both 6.0 per cent). The unemployment rate was lowest in the Australian Capital Territory (3.6 per cent) and Northern Territory (4.0 per cent).

For Australia, the unemployment rate for the September 2018 quarter was 5.1 per cent, a decrease of 0.2 per cent from the June 2018 quarter (5.3 per cent).

The ABS has noted:
“Over the past year, employment increased by 290,600 persons (or 2.4 per cent), which was above the average annual growth rate over the past 20 years of 2.0 per cent. Over the same 12 month period the employment to population ratio, which is a measure of how employed the population (aged 15 years and over) is, increased by 0.4 percentage points to 62.2 per cent.

Over the past year, increases in employment were observed in all states and territories. The largest increases were in New South Wales (up 134,700 persons), Victoria (up 85,200 persons), Queensland (up 39,100 persons), and Western Australia (up 13,400 persons). The highest annual employment growth rates were in New South Wales at 3.4 per cent and Victoria at 2.6 per cent and were the only states or territories to record year on year growth above their 20 year averages.”

For updated local area unemployment rate estimates, explore the regional profiles.
The example below is for the City of Mandurah, WA:

Please contact the team at REMPLAN if you have any questions regarding this update. We are also available to provide REMPLAN software training, presentations and management briefings.

Let’s Talk:  1300 737 443.

Kind Regards,
The REMPLAN team