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Sydney’s Job Problems

Some parts of Sydney and NSW are predicted to become ‘jobless hotspots’ as demographic maps are released today highlighting the areas on red alert…

According to an article that appeared today in the Sydney Morning Herald, Sydney will be ringed by an arc of joblessness as the economy deteriorates, and some relatively affluent areas also face steep increases in unemployment.

Maps prepared for a study to be released today reveal the most vulnerable pockets of urban centres in Australia, including Sydney, Newcastle, Wollongong and Canberra.

Strikingly, Sydney is set to avoid the dense clusters of unemployment that will hit Melbourne, which retains more significant bases of heavy industry and manufacturing.

Rather, Sydney’s vulnerability is spread across the city. The slowing economy’s worst impact will be on the city’s south-west, but a band of relatively well-off suburbs are also in danger of becoming “red-alert” at-risk suburbs.

But Professor Mitchell said some areas that had fared relatively well in the past decade would also fall into trouble.

“Typically we haven’t called them disadvantaged, but these are the ones we are calling new areas of disadvantage,” Professor Mitchell said.

Emerging areas house a large number of indebted, dual-income families that rely on casual or part-time work. Part-time working hours are one of the first casualties of a recession.

Inner-city, eastern and lower-north suburbs will weather the downturn relatively well, such as Woollahra. Whereas Haymarket and The Rocks are two inner suburbs at risk, with a high degree of casual labour.

The report predicts higher than average job losses in;

• Albury,
• Newcastle
• Wollongong,
• Telarah,
• Tarro,
• Argenton,
• Holmesville
• North Wagga Wagga, and
• Warrawong and Cringila in Wollongong.

The Government is forecasting unemployment to reach 7 per cent by next year, but some economists believe it will approach 10 per cent.

They propose a national skills framework to ensure that every person under 20 is in education, training or a paid job. They also propose state and federal governments commit to providing a “buffer stock” of jobs for workers regardless of their skills levels.

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