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Unemployment in (Mornington Peninsula): 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.
Mornington Peninsula offers several top suburbs for the unemployed actively seeking work, as per the 2021 Australian Census. Notable areas such as Balnarring Beach and Boneo exhibit relatively higher proportions of people looking for employment, indicative of a potentially active job search community. Conversely, suburbs like Tuerong and Merricks North show lower unemployed proportions, reflecting possibly fewer residents engaging in job searching activities during the Census period. This trend could be influenced by the regional lockdown in Victoria at the time. Suburbs such as Cape Schanck and Shoreham also display minimal job search activities, suggesting unique local economic conditions or smaller populations contributing to lower unemployment rates. Understanding these dynamics helps in identifying key areas where employment support and opportunities could be focused, highlighting Mornington Peninsula's diverse socio-economic landscape. Data from 2021
