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Strong jobs growth for Victoria

By Matt Hurlston

Knowing there’s a strong chance of being able to secure a job is a major advantage when buying real estate in Bentleigh. As a result, the latest figures from the Australian Bureau of Statistics (ABS) could be just the incentive you need to move to Victoria.

The group revealed that the national annual trend employment growth rate stood at 2.3 per cent in February, a decline from the 2.6 per cent recorded throughout December. However, closer inspection of the data shows that Victoria is very much bucking the trend.

Part- and full-time roles on the rise

Analysis of the ABS figures carried out by the Victorian government shows that the state was the only region to have recorded a rise in employment during February. Part-time employment increased 2 per cent, while the number of people taking up full-time roles was up 0.6 per cent.

There was also a fall in youth unemployment, which was down 1 per cent from a year ago. This could be a major advantage to families thinking of moving into real estate in Bentleigh over the coming months.

Victorian treasurer Tim Pallas said: “Victoria’s surge in employment is against the national trend and clearly demonstrates the Andrews Labor government’s focus on job creation is bearing fruit.”

Making the most of the working population

The ABS explained that one of the biggest issues facing the nation at the moment is the underutilisation of talent. General manager of ABS’ Macroeconomic Statistics Division Bruce Hockman revealed that underemployment and unemployment stood at 14.2 per cent over the course of February.

If you’re hoping to make a fresh start in Victoria, speak to Matt Hurlston and the team at Ray White Carnegie. We’re on hand to help you find property in Bentleigh that suits your every need.

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