17 Jul REMPLAN Data Update – Insights from the latest Unemployment Data (Mar qtr 2019)

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 (March quarter 2019). This data has recently been released by the Australian Bureau of Statistics (ABS) and the Department of Jobs and Small Business (DJSB).

The March quarter unemployment rate was highest in Tasmania (7.0%), followed by Western Australia (6.8%), Queensland and South Australia (both 6.4%). The unemployment rate was lowest in the Australian Capital Territory (3.8%).

For Australia, the unemployment rate for the March 2019 quarter was 5.4%, an increase of 0.6% from the December 2018 quarter (4.8%).

The ABS has noted:

“Over the past year, trend employment increased by 299,100 persons (or 2.4%), 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 62.4%.

Over the past year, increases in employment were also observed in all states except Tasmania (down 2,300 persons). Both territories recorded falls with the Australian Capital Territory (down 1,600 persons) and Northern Territory (down 4,800 persons). The largest increases were in Victoria (up 127,500 persons), New South Wales (up 118,500 persons), Queensland (up 36,100 persons). The highest annual employment growth rates were in the Victoria at 3.9%, followed by New South Wales at 3.0% and Queensland at 1.5%. For most states and territories, year-on-year growth in trend employment was below their 20 year average, the exceptions being New South Wales and Victoria.”

For updated local area unemployment rate estimates, explore the regional profiles.

The example below is for Wyndham, VIC:

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