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Unemployment in (Geelong): 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 exploring the top suburbs for unemployment in Geelong as per the 2021 Australian Census data, Ceres, Balliang, and Shelford emerge as primary areas with the highest unemployment proportions. These suburbs reflect a relatively higher percentage of individuals actively seeking employment, likely influenced by the strict lockdowns imposed in Victoria during the census period. Adjacent suburbs such as Mount Moriac and North Shore also follow closely, indicating a notable regional trend in unemployment rates. Given the economic challenges during the lockdown, these suburbs experienced heightened job-seeking activities. Understanding these dynamics can assist in tailoring job support programs and resources to the affected areas, thereby fostering employment opportunities in Geelong. Data from 2021
