Burnett unemployment rate falls to five-year low
THE unemployment rate in the South Burnett is the lowest it has been in five years.
This is according to employment statistics released by the Australian Government that showed a decrease in unemployment across the region.
"This is a great result for our region and a good indication of the heavy lifting being undertaken by businesses and industry,” mayor Keith Campbell said.
The South Burnett unemployment rate, as at end of the 2018 calendar year, is 8.2 per cent, which is the lowest level since December 2013 and a decrease of 0.5 per cent from the previous quarter.
Unemployment rates have reduced across Bundaberg, Cherbourg, Fraser Coast, Gympie, North Burnett and South Burnett - all six councils in the Wide Bay region.
"A positive result for the Wide Bay Burnett region creates new confidence across the entire region,” said Cr Campbell.
Additionally, 1109 people in the South Burnett labour force are classified as unemployed, which is the lowest number since March 2013 and 79 less people than the previous quarter.
Cr Campbell said the South Burnett Regional Council will continue to monitor the regional unemployment rate through 2019, with further decreases proving a shift in quarterly trends and an increasing confidence in the regional economy.