Victoria

Regional unemployment rate falls to lowest in the country

Victoria regional unemployment rate has dropped once again and is now at its the lowest point in seven years – with 8,400 new jobs created in the September 2018 quarter.

New data released by the Australia Bureau of Statistics shows the regional unemployment rate dropped 0.4 percentage to 4.5 per cent last quarter – the lowest rate of all the states and well below the national average of 5.3 per cent.

The regional unemployment rate is now more than two per cent below the 6.6 per cent rate inherited from the former Government.

More than half the 8,400 jobs created in regional Victoria during the three months to September 2018 were full-time.

Rising employment in Bendigo (up 7,900 jobs), Latrobe-Gippsland (up 3,200 jobs) and Geelong (up 1,800 jobs) contributed to the jobs boost in Victoria’s regions.

More than 54,000 jobs have been created in regional Victoria since the Victorian Government was elected – 45,200 of them full time.

Source: Vic Government