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CENTRAL COAST
REGIONAL SNAPSHOT
2016
|
17
Unemployment and Employment Status
In the March 2016 quarter, the unemployment rate in Central
Coast NSW was 6.76% which is significantly higher than the
NSW average of 5.3%.
Approximately one quarter of unemployed persons on the Central
Coast are ‘long term unemployed’ having been unable to secure
employment for a period of longer than 12 months.
Analysis of the Australian Regional Labour Markets data
indicates that unemployment rates for the Wyong area are
consistently higher than those of the Gosford area and National
unemployment rates.
Youth Unemployment
The latest ABS Labour Force data area profile from July 2016
shows that the youth (15-24) unemployment rate of 15.5% is
significantly higher than the New South Wales figures of 11.8%.
Sustainable Communities and Population Growth
QUARTERLY UNEMPLOYMENT RATES
0
1
2
3
4
5
6
7
8
9
10
Australia
NSW
Greater Sydney
Wyong
Gosford
Central Coast
Mar-16
Dec-15
Sep-15
Jun-15
Mar-15
Dec-14
Sep-14
Jun-14
Mar-14
Dec-13
Sep-13
Jun-13
Mar-13
Dec-12
Sep-12
Jun-12
Mar-12
Dec-11
Sep-11
Jun-11
Mar-11
Dec-10
Percentage
15.5%
May 2016
Youth Unemployment
(15 -24)
SOURCE:
NIEIR (ABS 2016)