Update to Unemployment Rate and Business Count
Latest data has revealed that the Mid-Western Region’s unemployment rate decreased 0.4% to a new low of 1.3% for the September 2023 quarter. As of this quarter, only 176 residents were unemployed, and the region’s workforce was approximately 13,300.
For the September 2023 quarter, the unemployment rate of Mudgee and surrounds was also 1.3%, however Gulgong and surrounds’ rate was only 1.0%. The unemployment rate of Kandos, Rylstone and surrounds was 2.6%.
Latest data has additionally revealed the number of registered businesses in the region increased 3% (81 businesses) in the 12 months to 30 June 2023. As of this date, there were 2,952 registered businesses in the region. The majority of them were non-employing and turn over up to $1,999,999 annually.
Source: National Skills Commission and Australian Bureau of Statistics
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