Toowoomba Region Mayor Paul Antonio has welcomed a fall in the Region's latest unemployment figures, including a large drop in the youth unemployment rate, following the release of the March 2021 data by the Queensland Government Statistician's Office.
Mayor Antonio said the Toowoomba statistical area's March unemployment rate of 5% was the lowest of the 19 areas across Queensland. It compares with Toowoomba's most recent unemployment figures of 5.4% in February and 5.8% in January 2021. The average Queensland unemployment rate was 7.3% for March 2021.
He said the March 2021 youth unemployment rate of 13% was a decrease of 8.5% over the past year and well down on the September 2020 peak of 27.2%. The average Queensland youth unemployment rate for March 2021 was 15.5%.
"The other encouraging aspect is that the Toowoomba youth unemployment rate had the largest percentage point decrease across all 19 Queensland statistical areas," Mayor Antonio, who also chairs Toowoomba Regional Council's Economic Development portfolio, said.
