See-Change

RBA increases the official cash rate to 3.85%, citing elevated inflation. However, while the short term unemployment rate/total unemployment is down, the longer term trend is up. Similarly the trend in Jobseeker recipients is up, and the trend in Job Vacancies is down.

There are 77 candidates for 15 Councillor positions across the 5 Wards of Central Coast Council, with an average age of 54. Most candidates (21) are in the 61-70 age range. Gosford West Ward has the most candidates (20) and Gosford East has the least (12) buff.ly/3Mwy6tb

Before you vote, learn about the 77 candidates in the upcoming Central Coast Council elections: buff.ly/3TfCxMD #NSWElections

Airbnb occupancy rates on #CentralCoast NSW reached an all time high in October, above the January seasonal peak. Year over Year occupancy rates are up over 15% in most suburbs (excluding Wamberal), to over 60% in many locations.

Central Coast LGA Building Approvals data for Sept 2020 was slightly up on Sept 2019, but still below average.. The rate of building approvals is still far below what is required to meet current demand, let alone the growth projections in the Council Strategic Plan.

ABS Labour Market estimates for October suggest an increase in the unemployment rate for #CentralCoastNSW of 0.8% to 7.1%. Participation rate has also dropped, to 57.6%. Youth unemployment jumped sharply to 16%, driven by the drop in #jobkeeper rate impacting part time employment

Payroll jobs data for #CentralCoastNSW shows a significant dip early October, possibly driven by the decrease in the #jobkeeper rate. However payroll jobs appear to be picking back up late October, particularly in the north Central Coast (old Wyong LGA) #COVID

LMIP job vacancy data shows #CentralCoastNSW jobs increased to 1,365 in October, up 5.5% MoM and 16.8% YoY. Labourers, trades workers, sales assistants all showed an increase in job vacancies. ICT professional, engineer, medical practitioner, manager jobs all remain low.

#Jobseekers in the #CentralCoastNSW region decreased in October by 1,017 to 18,868. The decrease was across all suburbs except Tuggerah/Kangy Angy. The overall number of Jobseeker recipients is still highest along the Peninsula (Gosford/Woy Woy, Umina), Charmhaven, & The Entrance

With the reduction in #jobseeker and youth allowance recipients, and increase in job vacancies, we estimate that the number of total #CentralCoastNSW jobseekers per job vacancy has fallen to 15. (at the peak of #COVID in May, when there were 36 jobseekers per job vacancy)

ABS Labour Market estimates for October suggest a slight decrease in the unemployment rate for @CityNewcastle of 0.9% to 8.1%. Participation rate, which dropped due to #COVID19, is showing signs of recovery, up to 63.7%. Youth unemployment remains high (25.9%) @newcastleherald

In terms of the Rate of Jobseekers per 100,000 population, the @CityNewcastle region is performing worst than the Hunter Valley and Central Coast regions. Suburbs which have seen the biggest increase in Jobseekers due to #COVID19 include Merewether and Valentine @newcastleherald

Jobseekers in the @CityNewcastle @LakeMac region decreased in October by 1,383 to 18,137. The decrease was seen across all suburbs. The overall number of Jobseeker recipients is highest in areas including Wallsend, Mayfield–Warabrook and Charlestown. @newcastleherald #COVID19

Latest Treasury data shows @CityNewcastle businesses registered for #Jobkeeper in July increased to 13,516 (41.8%). The biggest increase in Jobkeeper businesses between June and July was seen in postcode 2295 (2.3%). 2281 now has 45.9% of businesses on Jobkeeper @newcastleherald

Payroll jobs data shows a significant dip early October, driven by the decrease in the jobkeeper rate. Payroll jobs appear to be picking back up, particularly in the @lakemac East region, however @CityNewcastle appears to be recovering more slowly @newcastleherald @Nuatali_Nelmes

Central Coast LGA Building Approvals data for Sept 2020 was slightly up on Sept 2019, but still below average.. The rate of building approvals is still far below what is required to meet current demand, let alone the growth projections in the Council Strategic Plan.

Central Coast jobs vacancies increased to 1365 in September 2020, an increase of 13% Month over Month and 14% Year over Year. From an occupation perspective, many are up year over year. Notable exceptions are professionals, managers, and ICT professions, which are all down.

If the council was run by its competent and intelligent admin staff, the region would be running like a Swiss watch. — Tony Denny afr.com/property/commercial/…

Weekly Payroll Jobs & Wages: Most regions appear to have seen a reduction in payroll jobs in the past few weeks to 3rd Aug. Within the Central Coast, the old Gosford LGA region is still less affected than the old Wyong LGA region.