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Unemployment in (Coffs Harbour): A Snapshot of Joblessness Amidst Lockdowns
The proportion of people (aged 15 and over) who reported that they did not have a job of any kind in the week leading up to the 10th of August, but were actively looking for work during the four weeks prior to the 10th of August for the 2021 Australian Census. It is important to note that on this date, Victoria was in lockdown, whilst NSW and ACT would follow in the next fortnight.Unemployment data can be useful for property investors and those looking to move as it provides insight into the economic health of a suburb. High unemployment rates may indicate a lack of job opportunities and potential financial instability, which could impact property values and livability. On the other hand, low unemployment rates may suggest a thriving local economy and a desirable place to live. For example, a property investor may use this data to identify suburbs with low unemployment rates and strong job growth potential, while someone looking to move may use it to find areas with a stable job market and good quality of life. Additionally, low unemployment rates may also indicate a higher level of community engagement and social cohesion, which can contribute to a more livable and desirable neighborhood.
When examining the top suburbs for unemployed individuals in Coffs Harbour, Wells Crossing emerges as the suburb with the highest proportion of residents actively seeking employment, followed by Ulong and Nymboida. This trend may be attributed to a variety of factors, including economic opportunities, local industries, and accessibility to employment centers within the region. Copmanhurst and Minnie Water also demonstrate relatively higher unemployment rates, which suggests that these areas might benefit from enhanced local job programs and economic development strategies. Conversely, suburbs like Ashby Heights, Ashby, and Lowanna show lower unemployment proportions, possibly indicating more stable local employment conditions or better access to job resources. Understanding these dynamics is crucial for tailoring effective employment support initiatives aimed at reducing unemployment rates in Coffs Harbour's key areas. Data from 2021
