Regional NSW wins more jobs
21 September 2015
Regional NSW gained an additional 30,400 jobs over the past 12 months to August according to the latest figures from the Australian Bureau of Statistics.
It was the only regional area in Australia to increase overall employment during this period and at 2.6 percent, also outstripped Sydney's jobs growth which was 2.2 percent.
The figures showed the strongest job gains were in the Illawarra, which grew by 10,100 jobs, the Mid North Coast (7,400 jobs) and Richmond-Tweed (7,300 jobs).
In addition, the overall participation rate in regional NSW increased by 0.9 percentage points to 59.1 per cent, which shows that more people are active in the regional NSW labour market.
Supporting the regional economy
The NSW Government is dedicated to increasing job numbers in the $138 billion regional NSW economy.
The Government is creating a fertile environment for business confidence and investment in regional NSW through a number of initiatives including:
- The $20 billion Rebuilding NSW plan.
- $26 million in NSW Government support for the Mobile Black Spot Program, which will create a better business environment in regional NSW by fixing 795 mobile phone black spots across a 14,000 square kilometre area.
- $32 million Murray Darling Basin Regional Economic Diversification program to drive jobs growth and build resilience in communities which are being impacted by a water-constrained environment.
- $110 million Regional Tourism Infrastructure Fund which will deliver tourism infrastructure projects – including airport upgrades – to increase economic opportunities in regional NSW.
Regional areas can expect an even bigger boost in employment with at least 30 per cent of the $190 million Jobs for NSW fund to be allocated to areas outside of Sydney, Newcastle and Wollongong.
The regional NSW economy is the largest and most diverse regional economy in Australia.
The statistics are available at the Australian Bureau of Statistics website.