Victorian Employment Rates Continue Growth

Residents of real estate in Carnegie and other areas in Victoria may be encouraged by continued growth in the state's employment rates.

Employment opportunities in Victoria rose by 14,500 over the past year, according to the Australian Bureau of Statistics (ABS).

The 0.5 per cent growth in Victorian employment was ahead of the national average, as Australia's total employment only increased by 0.1 per cent.

The unemployment rate in Victoria rose slightly to 5.8 per cent, an increase of 0.1 per cent from last month. However, the rate of unemployment is still historically low for the state.

"Compared with other states, Victoria has the third lowest unemployment rate, with only resource-rich Western Australia and New South Wales performing marginally better," Acting Treasurer Gordon Rich-Phillips said in an October 10 statement.

Victoria's strong economic growth is particularly impressive as it was the only non-mining state to see and increase in both full-time and part-time employment.

"This demonstrates that the Victorian coalition government has the right framework in place to drive forward a strong economy and job growth right here in Victoria," Mr Rich-Phillips said.

If you are interested in taking advantage of Victoria's strong business and employment opportunities, consider Carnegie real estate. For more information on moving into the area, speak with real estate professional Matthew Hurlston at Ray White Carnegie today.