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 Hunter employment hits record high 317,000 

Hunter employment hits record high 317,000

16 Jul, 2010 04:00 AM
The Hunter employment market has hit a new high, with 317,000 people in work.

It is another record breaking month for the region, with many business sectors showing good growth.

The new figure tops records established in March this year when 309,700 people were employed and was broken again in April when that figure surged to 313,600.

Foundation economist Andrew Searles, below, said the growth had been spread between full-time and part-time jobs.

‘‘This growth represents an extra 26,000 jobs in the Hunter compared to the same time last year,’’ he said.

‘‘This continues a trend that we have had for months now, it’s a strong labour market.

‘‘The number of people in jobs has grown 9 per cent since the same time last year.

‘‘The unemployment rate has stayed low at 4.3 per cent, which is down 1.8 percentage points from the same time last year.’’

Mr Searles said the region’s economic future looked bright.

‘‘These are good figures and they are continuing a trend we have seen since the global financial crisis where the regional economy has been gaining strength,’’ he said.

‘‘It comes from across many sectors in the economy, showing the business environment has been generally quite good.

‘‘That’s been undeniably one of the key factors in this continuing trend.’’

International factors are also expected to help drive the local economy, Mr Searles said.

‘‘The key drivers behind rising employment in terms of the view of the economic prospects for Australia appear to be quite good – we have a recent revised budget forecast and the International Monetary Fund has put out an optimistic view for Australia and its trading partners.

‘‘We would expect the Hunter economy to continue to grow, though perhaps not at the same rate it has been recently.’’

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With the booming work areas like Rutherford it is clear that the population growth will continue in the west. Public transport and the heavy rail from Newcastle Station to Singleton must be boosted before the roads choke us.
Posted by Bigfeller, 16/07/2010 8:16:45 AM, on The Herald
this is excellent news, those who opted for the dole as a career path will flee elswhere, and reduce our crime rate. win win.
Posted by just a thought, 16/07/2010 9:36:43 AM, on The Herald
what about the percentages?? Its all about percentages stupid!
Posted by benaud, 16/07/2010 11:19:40 AM, on The Herald
Mmm, maybe the NSW and Federal Governments arn't quite as bad as the local Liberal Party crazies think!
Posted by captainstrangepork, 16/07/2010 3:42:08 PM, on The Herald
Total Labor BS The roads in the Hunter should be paved with gold. We should have NEW Schools and Hospitals. There should be a NEWCASTLE per ton tax on coal exports out of Port Hunter. Rate payers of the Hunter Valley should NOT PAY TAXES. The COAL EXPORT industry should be enough to pay the bill. Dave New Lambton
Posted by DJ, 16/07/2010 10:19:20 PM, on The Herald
Bigfeller in another post you say ' Like it or not the car will be with us for a long time. All modern cars are smart with efficiency constantly improving'. You should be promoting improvements to the road system and not the poorly utilised rail system that people refuse to use and will continue to do so.
Posted by thinkitthrough, 18/07/2010 7:19:24 PM, on The Herald

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