Jobs Growth Surges Ahead In Geelong
The Victorian State Government is celebrating new figures showing strong employment growth in Geelong with almost 20,000 new jobs created in the region in the year to June.
According to the Australian Bureau of Statistics (ABS) in the three months to June 2016, the unemployment rate in the Geelong region was 5 per cent below the national and state average for the three months leading up to June.
The new June jobs figures show Geelong’s unemployment rate has fallen to 5 per cent – down from 6.2 per cent in June last year, and much lower than the 8.2 per cent at the time of the last election.
The June quarter saw 23,700 more people employed compared with the three months to November 2014.
The upward trend in employment is also being seen in youth unemployment, with that very important statistic having fallen 31 per cent from 3,500 unemployed young people in the region in November 2014 to 2,400 in June 2016.
Statewide, jobs growth continues to strengthen, with 147,400 new jobs created since November 2014, and 111,500 of those jobs full-time. Meaning Victoria now has the fastest full time jobs growth in the nation.
Back to Work has also had an impact in Geelong, with more than 700 claims in the region since the scheme – introduced to support those facing long term unemployment and young job-seekers – commenced last year.
“We promised we’d get Victorians back to work, and nowhere is that more evident than in Geelong – where unemployment has fallen to 5 per cent, well down on the 8.2 per cent the previous Government left us with,” said Treasurer Tim Pallas, adding that
more than 700 claims had been made in the region under the Back to Work program targeting long-term unemployed and young job-seekers.
G21 Geelong Regional Alliance Chief Executive Officer, Elaine Carbines, said strong state government and business investment has created a positive trend in jobs figures, with projects like Portarlington Safe Harbour, Barwon Water’s headquarter redevelopment and a Worksafe facility driving jobs.
She said government support for the region’s GROW project was also paying dividends, with businesses revising buying and hiring decisions to maximise local job creation, particularly in disadvantaged areas.
“The G21 region business community has experienced a noticeable positive buzz, and the improving jobs figures reflect that optimism,” she said.