The unemployment rate in Western Sydney is at its lowest level since September 2008, underpinned by the government’s investment in the region and broader economic management.
NSW Treasurer Dominic Perrottet and Minister for Western Sydney Stuart Ayres said the unemployment rate of 5.5 per cent is the lowest in almost a decade and highlights the outcomes in the government’s infrastructure delivery and economic reforms.
The five largest employing industries in Western Sydney are Healthcare (10.8 per cent), Construction (10.8 per cent), Retail (10.7 per cent), Manufacturing (9.6 per cent) and Professional services (8.1 per cent).
“Western Sydney is the powerhouse of the NSW economy and it is charging ahead with our construction and business activity,” Mr Perrottet said.
“These figures show a massive 48,800 jobs were added in Western Sydney in the past twelve months alone which is great news for families and for businesses.
“For too long western Sydney suffered an infrastructure deficit under the previous government, but our investments are firing the country’s third-biggest economy so it goes from strength to strength.
“There’s more to come with major new investments in the pipeline this year including new hospitals, schools and roads as well as the ongoing activity from projects such as WestConnex,” Mr Perrottet said.
Minister for Western Sydney Stuart Ayres said with business confidence climbing in Western Sydney it would lead to more jobs, sustained growth and an improved standard of living for everyone across the state.
“With 1 in 10 Australians living in Western Sydney, projects like Western Sydney Airport will continue to drive the levels of activity our region needs to prosper.
“It’s not just a jobs driver in city centres like Penrith, Liverpool and Campbelltown but a catalyst for road and rail infrastructure that will supercharge the region into an economic powerhouse,” Mr Ayres said.