Unemployment rate in Sydney 1% in one region but 9% elsewhere

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“The whole epidemic period of Delta has proven to be much more difficult in the [south-west Sydney] region, and it was not able to rebound as quickly. People have been hit harder by COVID and this has had a ripple effect on job markets. »

Westpac economist Justin Smirk said differences in industry performance likely contributed to the variation in unemployment rates in Sydney.

Its analysis shows that job growth in NSW over the past 12 months has been strongest in health, education and professional jobs, while recovery in manufacturing and construction, which are the main employers in South West Sydney, has been slower.

“The industries that dominate employment in this southwest corner have been weaker,” he said.

Other districts with unemployment rates well above the city average were the outer west (5.9%) and Blacktown (5.6%).

Unemployment in New South Wales hit a five-decade low of 3.7% in February, seasonally adjusted, but rose slightly to 3.9% in March partly due to bad weather and major flooding In certain regions.

Treasurer Matt Kean said the employment figures showed the NSW economy was continuing to rebound from the Omicron outbreak.

“The state’s labor market is regaining confidence with more people entering full-time work, putting employers on a more secure footing,” he said.

Kean also drew attention to the youth unemployment rate in NSW, which fell 0.7 percentage points in March to 8.4%, below the national rate of 9.1%. .

“More people are participating in the workforce across New South Wales and more young people are getting secure employment,” he said.

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