The “Measuring Our Progress” website is recording the big green arrow of improvement for unemployment in the ACT.
The trend unemployment rate in the ACT has followed a general downward trend since late 1996 and reached a recent low of 2.5 per cent in December 2008. It trended upwards during the Global Financial Crisis, peaking at 3.7 per cent from September 2009 to January 2010. Nevertheless, the unemployment rate is well below the national average.
The ACT’s unemployment rate has risen again over recent months. The trend unemployment rate in the ACT is currently 4.0 per cent (equating to about 8,600 unemployed persons as at July 2011) with a labour force particpation rate of 72.5 per cent, compared to a national average unemployment rate of 5.0 per cent and labour force participation rate of 65.5 per cent.
So it tracks the Howard Government?