27 Mar 2017
Perth Unemployment Rate Surpasses 7%

Perth Unemployment Rate Surpasses 7%

Perth Unemployment Rate Surpasses 7%
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Over December and January, greater Perth joined greater Adelaide in the undesirable position of having an unemployment rate which has passed 7 per cent.

Smoothing the unemployment rate figures as an annual average shows that of the main capital cities only Perth is in an unemployment rate uptrend as the days of the resources boom recede.

Nationally, annual employment growth has picked up a little over the past three months, although not by a lot, with just over 90,000 positions added on a net basis for employment growth of +0.8 per cent.

Capital city unemployment rates

 

 

 

 

 

 

 

 

 

Having been on a storming run in 2015, annual employment growth has slowed right up in greater Sydney to +21,000, with only greater Melbourne adding any meaningful figure to its workforce at +85,000.

 

YoY employment change

 

 

 

 

 

 

 

 

In aggregate, in fact, the rest of Australia has added no net new employment at all over the year to January 2017, which is a rather underwhelming statistic to say the least!


Naked Edge Real Estate are always looking for our next shining star. If you are looking for a career in real estate, contact our office on 08 6254 6333, click here, or email myfuture@nakedrealestate.com.au today!

Written by Naked Edge Writers

Perth Unemployment Rate Surpasses 7%
Naked Edge Writers

Naked Edge Real Estate Writers collaborating to bring the latest news and trends in real estate for buying, selling and working in the exciting world of real estate.

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