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Somerset Unemployment Lowest in Three Years

STATISTICS released by the Australian Government has confirmed a decrease in unemployment across the Somerset Regional Council area.

The report released on 29 March 2019 revealed Somerset has an unemployment rate as at the end of 2018 of 8.1%.

Somerset Mayor Graeme Lehmann said this is the lowest level since December 2015 and is a decrease of 0.5% from the previous quarter.

“This reflects in part the hard work in lifting the standard of local infrastructure, particularly bridges, roads and the Brisbane Valley Rail Trail which is helping to lift productivity and kick business goals,” Cr Lehmann said.

“While we have a way to go, we recognise the efforts of local businesses and industry such as Kilcoy Global Foods and Brisbane Valley Protein Precinct in creating an economic turnaround for our region.

“The positive result really drives new confidence across the entire region.

“The state average is 6.2% which is ideally where council would like to get to.” 

To add to the encouraging statistic for the regional economy, only 953 people in the Somerset labour force are classified as unemployed.

Somerset Regional Council will continue to monitor the regional unemployment rate through 2019, with further decreases proving a shift in quarterly trends and an increasing confidence in the regional economy.

The unemployment rate and local statistics were confirmed on the websites of the Australian Department of Jobs and Small Business (jobs.gov.au) and the Queensland Government Statistician’s Office (www.qgso.qld.gov.au).

It is anticipated that March quarter 2019 statistics will be released in June 2019.