Region’s youth unemployment drops
THE south-west is amongst the top 10 regions with the lowest youth unemployment rates in Australia, according to data released by the Federal Government.
Australian Bureau of Statistics labour force data shows the region, which encompasses cities such as Warrnambool, Portland, Hamilton and Colac, was ranked seventh out of 87 regions overall with an unemployment rate of 7.5% in January 2018.
It is the second-best performing non-metropolitan region.
The results also highlight a 5% improvement in the past two years, with labour force data showing an unemployment rate of 12.5% in January 2016.
The state’s youth unemployment rate is 13.1%.