Sydney’s Unemployment Region By Region

Australia’s labour market roared back to life in March with employment growth and unemployment figures both beating expectations.

Here is a snapshot of today’s positive numbers;

  • Unemployment is now 5.7%
  • ABS figures show that there were 26,100 jobs created in March
  • Economists were only predicting an increase of 17,000
  • Part time employment saw an additional 17,300 jobs created
  • There are now 3,729,000 Australians with part time jobs
  • Total employment now stands at 11,910,000 – the highest on record
  • Year on year, there have been 235,300 jobs created
  • The total number of unemployed fell  by 7,300
  • The total number of people unemployed is 723,100

So, any imminent rate cut by the RBA has well and truly gone out the window. With the number of jobs that have been created in the past month alone, the overall economy is ticking along a lot better than most economists suggested.

When we look at the unemployment figures around NSW, we can see the trend of low unemployment and the property markets that are still performing well. The areas that continue to demonstrate strong auction clearance rates have unemployment rates well below the nation average of 5.7%

 

Labour Force Region

Unemployment Rate

Sydney Eastern Suburbs

2.4

Riviera

2.9

Sydney – Northern Beaches

3.5

Capital Region

3.7

Sydney Inner West

3.7

Sydney – North Sydney to Hornsby

3.8

Sydney Outer West

3.9

Central West

4.1

Sydney Sutherland

5.3

Hunter Valley exc Newcastle

5.5

Sydney – Inner South West

5.5

Sydney Outer South West

5.5

Sydney Baulkham Hills Shire

5.9

Sydney – Blacktown

6.0

Sydney – City & Inner South

6.0

Far West & Orana

6.1

Sydney – Parramatta

6.2

Coffs Harbour – Grafton

6.3

Central Coast

6.5

Mid North Coast

6.7

Illawarra

6.8

Newcastle & Lake Macquarie

6.9

Sydney – South West

6.9

Richmond

7.3

Sydney – Ryde

7.3

New England & North West

7.6

Southern Highlands

8.2

Murray

9.8