Must stimulate jobs to avoid 'final nail'
WHILE the rest of regional Australia is celebrating the good news that for the first time in at least 20 years the unemployment rate in regional Australia has been consistently below the main capital cities, the North Coast is not looking good.
While the figures for the North Coast has shown unemployment has fallen by 2.2 per cent, there is a sinister undercurrent.
The report also shows 50.5pc of jobseekers in our area have given up the search for work.
It seems we don't have enough jobs to go around, compared with other regional areas.
A lot of this could be attributed to the fact non-residential construction on the North Coast had declined by 35pc in the last quarter, and most recent activity had been initiated by the government's stimulus package the report said.
But in this region we need to look at ways to stimulate jobs especially for our young people if we are going to retain them for the future.
If we don't keep our workforce on the North Coast employers will be faced with no skilled workers when the local economy picks up, which in turn will affect local production.
However, there was some good news in the report for home owners with values across the region increasing.
The ANZ report said there are early signs the worst of the tough times are behind us and the Australian economy looks like it has weathered the global economic crisis better than expected.
This will be good news to those doing it very tough right now.