DUBBO REGION UNEMPLOYMENT RATE AT RECORD LOWS
The latest economic data shows the Dubbo Region is currently experiencing record lows of unemployment, with the unemployment rate decreasing to 1.4% in the June Quarter, despite the national figure increasing to over 7%. The results are extremely encouraging statistics that show the region is continuing to grow, complimented by record tourism and visitation to major attractions. Mayor of the Dubbo Region, Councillor Ben Shields, says the data will give business owners confidence that the Dubbo Region is a place of growth.
“Council’s latest Key Economic Indicators report shows that even throughout the COVID-19 shutdown period, our unemployment rate continued to decline – that’s great news for not only our local businesses, but for people looking for work!” said Councillor Shields.
Other areas of positive growth include the housing market, where there has been a 3% growth on the average Dubbo house price since June 2020. That makes the median house price of $380,000 far more affordable than the hustle and bustle of Sydney and other crowded metropolitan centres. The overall spend in the Dubbo Regional LGA has also been up when compared to the rest of Australia, with more than $1 billion spent in the Dubbo Region over the last twelve months.
“We had record visitation during the school holidays, and that has helped bump up the amount of money visitors have spent in the Dubbo Region and our local businesses are better for it, with the latest data showing there was a total spend in August the region of $96.2 million, up from $88.3 million the same month last year. That’s an increase of about 9% which is fantastic,” said Councillor Shields.
The figures are pleasing for Dubbo Regional Council’s Economic Recovery Taskforce, established earlier in 2020 to help the Dubbo Region be the fastest place to recover from the financial impacts of COVID-19. One of the tools Council will launch next week to help the region bounce back is the Dubbo Skills Platform, another priority outcome from the Taskforce that is designed to connect local businesses affected by the impacts of COVID-19 with potential skilled candidates.
“The new platform will be a big help for businesses that are struggling to fill skilled positions, and their search for the right candidate will be bolstered with a digital skill attraction campaign. Feedback from local businesses told us that recruiting the right person to fill a role can be challenging, but this new platform will ensure that our businesses are able to engage more people, to retrain or sustain skills in skill-shortage affected industries,” said Councillor Shields.
As well as connecting local businesses with skilled candidates both locally and out of the region, the platform will support local recruiters through connecting candidates looking to relocate with industries in a more seamless way.
“To ensure that the Dubbo Region leads the way out of the impacts of COVID-19, we need to bounce back better than any other region. We know that hundreds of jobs have been lost in some of our metro centres throughout the pandemic, and the Dubbo Region can offer a solution to get people out of the Centrelink queues as quickly as possible. We see the Dubbo Skills Platform as a positive way to ensure that our local industries, employers and candidates have access to real jobs,” he said.
Image caption: There are plenty of job opportunities for skilled workers in the Dubbo region.
Last Edited: 20 Nov 2020