The Northern Territory’s unemployment rate is now the lowest in the nation, with the latest data showing a sharp drop of 8 per cent over the past 12 months.
But the region’s economy is still in the doldrums, with unemployment rising to 17.5 per cent from 16.1 per cent in June.
The figures show there were more than 13,000 people in employment in the NT in July, up from 9,400 in June, with employment increasing at a faster rate than the rest of the country.
Key points:Employment in the north rose from 16,000 to 17,400 over the 12 months, with an average annual increase of 9 per centThe latest unemployment rate was 17.7 per cent for July, the lowest since November last yearThe NT is on course to be one of the worst hit regions in the country by the global financial crisisThe NT has also seen the most people on low-pay and insecure jobs in recent years, according to a new report by the NT Employment Council.
In the 12-month period to July 30, employment in NT grew by an average of 9.1pc to 17000, but the latest unemployment figure is the lowest for the region since November, when a 10.2 per cent drop in the unemployment rate saw the number of people in the region fall to 15,000.
The region’s unemployment fell to 17 per cent, down from 18.5 in June but the unemployment rates for the rest the country are still more than 12 times higher than the NT.
Job seekers and job seekers in the northern Territory were particularly affected by the crisis, with 1,500 people in temporary accommodation and 6,500 in unemployment during the month.
Northern Territory Government’s unemployment report for July 2016 shows a 7 per cent fall in employment and the lowest rate in the Territory since November.
A new regional employment offer letter was also sent out in July that gave job seekers and those in temporary employment up to 12 months to find a new job.
The Northern Territory Government is encouraging job seekers to get in touch with their local job seekers office to see if they are eligible for the new offer letter.