03 May REMPLAN Data Update – Insights from the latest Unemployment Data (Dec 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 (December 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 December quarter unemployment rate was highest in Western Australia (5.9%), followed by Queensland (5.7%) and Tasmania (5.6%). The unemployment rate was lowest in the Australian Capital Territory (3.3%).

For Australia, the unemployment rate for the December 2018 quarter was 4.8%, a decrease of 0.2% from the September 2018 quarter (5.1%).

The ABS has noted:

“Over the past year, trend employment increased by 284,100 persons (or 2.3%), which was above the average annual growth rate over the past 20 years of 2.0%. Over the same 12 month period the trend 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 (pts) to 62.3%.

Over the past year, increases in employment were observed in all states except Tasmania (down 300 persons). Both territories recorded falls in employment (the Australian Capital Territory down 4,500 persons and the Northern Territory down 3,200 persons). The largest increases were in New South Wales (up 114,800 persons), Victoria (up 114,300 persons) and Queensland (up 35,200 persons). The highest annual employment growth rates were in Victoria at 3.5%, followed by New South Wales at 2.9% and Queensland at 1.4%. New South Wales and Victoria were the only states to have a year-on-year growth rate in trend employment above their 20 year average.“

For updated local area unemployment rate estimates, explore the regional profiles.
The example below is for Shoalhaven, NSW:

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