Unemployment rates remain low in Geelong, according to recent Australian Bureau of Statistics (ABS) data.
The ABS regional labour force data released on April 24 found that Geelong had an unemployment rate of 3.5 per cent.
City of Greater Geelong mayor Trent Sullivan said Geelong’s unemployment rate remained below national and state levels despite increasing slowly over the past year.
“Our low unemployment rate during a period of rapid population growth indicates we have a healthy and expanding labour market,” he said.
“The gender split between the number of employed people is now at its narrowest point on record with only 600 fewer females employed than males.
“The number of employed people has continued to increase steadily, with 12,100 additional employed people recorded over the past 12 months.
“Our employment to working age population ratio is also holding strong, suggesting that people are being attracted to our region not only for the lifestyle but also for the career opportunities.”
Mayor Sullivan said one of the aims of council’s draft 2024-2034 Economic Development Plan was to create 55,000 new jobs in Greater Geelong by 2041.
“Over the past decade, Greater Geelong has undergone remarkable growth, and we are the largest regional economy in the state, he said.
“In the immediate term, we are seeking to support continued business growth and investment in Geelong by lowering commercial and industrial rates.
“We’re also actively engaged with our major higher education partners, such as The Gordon, to foster increased participation in apprenticeships and traineeships within our region.
“This work focuses on helping to increase retention rates and connecting people to employment opportunities.”
Treasurer Tim Pallas said the state’s regional jobs growth success was something to celebrate as it meant people were “accessing great work opportunities and economic independence”.
“Having high numbers of regional Victorians in secure work helps drive our economy forward, and spreads prosperity and growth to communities in every corner of the state,” he said.
