Western Syd­ney Unem­ploy­ment Reaches Nine Year Low

Hills to Hawkesbury Living Magazine - - Community News -

While NSW has the low­est unem­ploy­ment rate in the coun­try of 4.8% the strength of the broader econ­omy is re­flected in the low­est unem­ploy­ment rate in a decade for Western Syd­ney of 5.5%.

Western Syd­ney is the pow­er­house of the NSW econ­omy, with a mas­sive 48,800 jobs added in the past twelve months alone, which is great news for fam­i­lies and for busi­nesses.

The five largest em­ploy­ing in­dus­tries in Western Syd­ney are Health­care (10.8 per cent), Con­struc­tion (10.8 per cent), Re­tail (10.7 per cent), Man­u­fac­tur­ing (9.6 per cent) and Pro­fes­sional ser­vices (8.1 per cent).

NSW also con­tin­ues to be the best state for re­gional em­ploy­ment, with re­cent fig­ures show­ing re­gional unem­ploy­ment at 5.5%. The NSW Gov­ern­ment has added around 51,000 jobs in our re­gions since be­ing re-elected in 2015 – which equates to more than 60% of the to­tal re­gional jobs cre­ated across all states in that time.

With the tran­si­tion to the Na­tional Dis­abil­ity In­sur­ance Scheme, it is ex­pected an ad­di­tional 28,000 new jobs will be cre­ated within this sec­tor, many in Western Syd­ney.

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