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Unemployment in (Shepparton): 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 top suburbs for the unemployed in the Shepparton region, as recorded during the 2021 Census in the context of Victorian lockdown, show a distinct pattern. Arcadia ranks highest, potentially due to its relatively limited job market combined with the effects of the lockdown on available employment opportunities. Barmah and Picola follow closely, hinting at similar economic challenges faced by residents. Cobram East and Katamatite also feature prominently among the suburbs with notable unemployment rates, suggesting that regional areas, often distant from major employment hubs, were particularly affected during this period. These insights into the top suburbs for unemployed individuals highlight the critical need for targeted employment support and development initiatives in these areas, to foster economic resilience and growth. Data from 2021
