.png)
Compare For
Similar Fields
Premium access required for this page.
Please explore our plans
Unemployment in (Australian Capital Territory): 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.
The Australian Capital Territory (ACT) offers a diverse range of suburbs that are prominent for their varying levels of unemployment rates, reflecting the employment dynamics of the region. Hume stands out as a suburb with a relatively higher proportion of residents actively searching for employment, indicating a vibrant and potentially growing job market. Suburbs like Oaks Estate and Symonston also exhibit noticeable unemployment rates, signifying active job-seekers in these areas. On the contrary, places such as Acton, Uriarra Village, and Jacka showcase remarkably low unemployment rates, suggesting stable employment conditions and potentially lesser competition for available job roles. This blend of employment conditions across the ACT underscores the region's economic diversity and highlights the unique characteristics of its suburbs for individuals looking to understand the area's labor market intricacies. Data from 2021
