SHOROC State of the Region Report

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Unemployment Back to top

Key Indicator

Unemployment compared to New South Wales (NSW) and Australia.

Target (SHOROC Region)

Reduced unemployment levels compared to NSW and Australia.

What is the current situation/trend?

on-track Indicator is on-track

Latest employment figures indicate that the SHOROC Region in December 2012 had an unemployment rate of 3.0%, this is significantly lower than NSW and Australia’s unemployment rates, as illustrated in the following diagram:

employment graph

 

Refer to SHOROC’s Economy Id for more information.

Why use this indicator and what does this mean for the overall Health and Wellbeing of the SHOROC Region?

SHOROC is using this indicator as one of a suite of indicators to determine the economic prosperity of the region, when measuring its overall health and wellbeing.

Updated July 2013