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Fall in Fraser Coast unemployment rate welcome
29 January, 2019
The Fraser Coast Regional Council has welcomed new statistics showing the area’s unemployment rate has fallen, but has urged the State and Federal Governments to keep investing in infrastructure and initiatives in the region to maintain the momentum.
Quarterly Australian Bureau of Statistics ‘Small Area Labour Markets’ data released this month shows the Fraser Coast’s unemployment rate was 9.9 per cent as of September 2018 – the lowest rate since June 2017 and an almost one per cent improvement on the previous quarter (10.8 per cent).
Fraser Coast Mayor George Seymour said while the region’s unemployment rate was still too high and above the state and national levels, it was good to see it moving in the right direction.
“The Fraser Coast Regional Council is determined to work with other levels of government, businesses and the community to ensure our region has a strong, resilient and diversified economy that supports growth and long term jobs,” he said.
“With Hyne Timber expanding production, the Rheinmetall/NIOA joint venture looking to establish a $60 million munitions factory in Maryborough and Astro Aero planning an aircraft manufacturing plant at Hervey Bay airport, there are green shoots emerging on the local jobs front.
“The Fraser Coast is strategically positioned for industries to invest and grow, offers an affordable and attractive lifestyle and boasts a beautiful natural environment.
“We encourage the State and Federal Governments to keep working closely with Council and local businesses through initiatives like the Hinkler Regional Deal to ensure the positive trend shown in this latest employment data continues into the future.”