Tasmanians happy with economy – all regions show growth

Release Date: 3/05/2017
The Tasmanian Chamber of Commerce and Industry has released the findings from the Q1 2017 Tasmanian Survey of Business Expectations (TSBE).

Results show a continuing positive attitude to the Tasmanian economy for the March quarter of 2017, with all regions showing positive signals.

‘It’s great to see confidence building in all regions, especially in the North West from a particularly low base,’ said TCCI CEO Michael Bailey.

Mr Bailey also noted that confidence in the Tasmanian economy was higher than for the Australian economy as a whole. 

‘This trend was apparent across all regions,’ Mr Bailey said.

Southern employment rose to 105,600, after a downward trend. The North and North West numbers were more stable – the North West showed a small rise to 53,500, whereas the Northern employment numbers fell slightly to 64,600.

The North had the highest unemployment rate at 7.5% (in 12 month average terms), with the south at 5.9% and the NW lowest at 5.8%.  Participation rates were around 59-60% across the state.

The continuing challenge in Tasmania is to improve the employment environment. 
‘It is a long term problem and will require long term solutions,’ Mr Bailey said. 

‘The NW has shown resilience, and the pressure is on to stabilise and improve employment particularly in that region.’

Contact: TCCI Chief Executive Michael Bailey – 0437 322 338

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